Sycomore Asset Management Sells 3,600 Shares of Invesco China Technology ETF (NYSEARCA:CQQQ)

Sycomore Asset Management trimmed its stake in Invesco China Technology ETF (NYSEARCA:CQQQ) by 36.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,400 shares of the company’s stock after selling 3,600 shares during the quarter. Sycomore Asset Management’s holdings in Invesco China Technology ETF were worth $220,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Syon Capital LLC bought a new position in shares of Invesco China Technology ETF in the fourth quarter worth approximately $801,000. Banque Cantonale Vaudoise raised its holdings in Invesco China Technology ETF by 1.3% in the 1st quarter. Banque Cantonale Vaudoise now owns 50,742 shares of the company’s stock worth $1,626,000 after acquiring an additional 627 shares during the last quarter. GSA Capital Partners LLP lifted its position in Invesco China Technology ETF by 95.0% in the 1st quarter. GSA Capital Partners LLP now owns 24,861 shares of the company’s stock valued at $797,000 after acquiring an additional 12,115 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in Invesco China Technology ETF by 81.9% during the 1st quarter. Axxcess Wealth Management LLC now owns 18,368 shares of the company’s stock valued at $589,000 after purchasing an additional 8,268 shares during the last quarter. Finally, SVB Wealth LLC increased its holdings in shares of Invesco China Technology ETF by 182.5% in the 1st quarter. SVB Wealth LLC now owns 33,470 shares of the company’s stock worth $1,073,000 after purchasing an additional 21,623 shares in the last quarter.

Invesco China Technology ETF Price Performance

Shares of NYSEARCA:CQQQ opened at $41.26 on Tuesday. Invesco China Technology ETF has a 1 year low of $27.68 and a 1 year high of $42.70. The company has a market cap of $781.88 million, a P/E ratio of 19.03 and a beta of 1.22. The stock’s fifty day moving average price is $32.61 and its 200-day moving average price is $33.56.

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).