SVB Wealth LLC Cuts Stock Holdings in Invesco China Technology ETF (NYSEARCA:CQQQ)

SVB Wealth LLC lowered its stake in shares of Invesco China Technology ETF (NYSEARCA:CQQQ) by 73.6% during the fourth quarter, Holdings Channel reports. The fund owned 11,847 shares of the company’s stock after selling 32,983 shares during the period. SVB Wealth LLC’s holdings in Invesco China Technology ETF were worth $426,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CQQQ. JPMorgan Chase & Co. increased its position in shares of Invesco China Technology ETF by 50.3% during the first quarter. JPMorgan Chase & Co. now owns 37,326 shares of the company’s stock worth $1,752,000 after acquiring an additional 12,485 shares during the period. Citigroup Inc. increased its position in shares of Invesco China Technology ETF by 10.2% during the first quarter. Citigroup Inc. now owns 5,608 shares of the company’s stock worth $263,000 after acquiring an additional 520 shares during the period. Cibc World Market Inc. increased its position in shares of Invesco China Technology ETF by 40.4% during the first quarter. Cibc World Market Inc. now owns 19,173 shares of the company’s stock worth $900,000 after acquiring an additional 5,518 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Invesco China Technology ETF by 49.7% during the first quarter. Goldman Sachs Group Inc. now owns 140,566 shares of the company’s stock worth $6,599,000 after acquiring an additional 46,640 shares during the period. Finally, Walleye Capital LLC purchased a new stake in shares of Invesco China Technology ETF during the first quarter worth $201,000.

Invesco China Technology ETF Trading Down 1.8 %

Shares of CQQQ stock opened at $30.38 on Monday. The firm has a fifty day moving average price of $31.89 and a 200 day moving average price of $33.63. The company has a market cap of $575.70 million, a P/E ratio of 16.08 and a beta of 0.64. Invesco China Technology ETF has a 12 month low of $27.68 and a 12 month high of $44.59.

Invesco China Technology ETF Company 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).