Farther Finance Advisors LLC Makes New $142,000 Investment in Invesco China Technology ETF $CQQQ

Farther Finance Advisors LLC purchased a new position in shares of Invesco China Technology ETF (NYSEARCA:CQQQ) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,200 shares of the company’s stock, valued at approximately $142,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Focus Partners Wealth purchased a new position in shares of Invesco China Technology ETF in the first quarter worth about $597,000. Goldman Sachs Group Inc. grew its position in Invesco China Technology ETF by 3.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 193,643 shares of the company’s stock worth $8,580,000 after acquiring an additional 5,640 shares during the last quarter. Royal Bank of Canada increased its stake in Invesco China Technology ETF by 1,936.5% in the 1st quarter. Royal Bank of Canada now owns 207,501 shares of the company’s stock worth $9,193,000 after purchasing an additional 197,312 shares during the period. Evergreen Capital Management LLC purchased a new position in Invesco China Technology ETF in the 1st quarter worth approximately $8,571,000. Finally, Comerica Bank increased its stake in Invesco China Technology ETF by 12.0% in the 1st quarter. Comerica Bank now owns 2,884 shares of the company’s stock worth $128,000 after purchasing an additional 308 shares during the period.

Invesco China Technology ETF Price Performance

Shares of Invesco China Technology ETF stock opened at $60.41 on Friday. The business’s 50 day simple moving average is $52.13 and its two-hundred day simple moving average is $46.16. The stock has a market capitalization of $1.60 billion, a P/E ratio of 20.61 and a beta of 0.64. Invesco China Technology ETF has a one year low of $35.62 and a one year high of $61.20.

Invesco China Technology ETF Profile

Guggenheim China Technology ETF (the Fund), formerly Claymore China Technology ETF, seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the AlphaShares China Technology Index (the Index). The Fund will invest at least 80% of its total assets in common stock, American depositary receipts (ADRs), American depositary shares (ADSs), global depositary receipts (GDRs) and international depositary receipts (IDRs) that comprise the Index and depositary receipts or shares representing common stocks included in the Index (or underlying securities representing ADRs, ADSs, GDRs and IDRs included in the Index).