Raymond James & Associates Sells 11,000 Shares of Invesco Golden Dragon China ETF (NASDAQ:PGJ)

Raymond James & Associates cut its holdings in Invesco Golden Dragon China ETF (NASDAQ:PGJ) by 34.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,166 shares of the company’s stock after selling 11,000 shares during the period. Raymond James & Associates owned 0.35% of Invesco Golden Dragon China ETF worth $551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd grew its position in shares of Invesco Golden Dragon China ETF by 268.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 4,427 shares of the company’s stock valued at $120,000 after purchasing an additional 3,227 shares in the last quarter. Citigroup Inc. raised its stake in Invesco Golden Dragon China ETF by 515.4% during the third quarter. Citigroup Inc. now owns 9,299 shares of the company’s stock valued at $252,000 after purchasing an additional 7,788 shares in the last quarter. Sterneck Capital Management LLC lifted its position in Invesco Golden Dragon China ETF by 6.3% during the fourth quarter. Sterneck Capital Management LLC now owns 72,477 shares of the company’s stock valued at $1,887,000 after purchasing an additional 4,322 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Invesco Golden Dragon China ETF by 2.0% in the 3rd quarter. Stifel Financial Corp now owns 80,343 shares of the company’s stock worth $2,174,000 after buying an additional 1,548 shares in the last quarter.

Invesco Golden Dragon China ETF Trading Up 0.7 %

Shares of NASDAQ PGJ opened at $25.00 on Friday. Invesco Golden Dragon China ETF has a 12-month low of $21.31 and a 12-month high of $32.07. The firm’s 50-day moving average price is $24.74 and its 200-day moving average price is $24.91. The stock has a market capitalization of $152.50 million, a price-to-earnings ratio of 12.70 and a beta of 0.58.

Invesco Golden Dragon China ETF Company Profile

The Invesco Golden Dragon China ETF (PGJ) is an exchange-traded fund that is based on the NASDAQ Golden Dragon China index, a market-cap-weighted index of Chinese stocks. PGJ was launched on Dec 9, 2004 and is managed by Invesco.