Invesco Golden Dragon China ETF (NASDAQ:PGJ) Stock Price Up 0.9% – Here’s What Happened

Invesco Golden Dragon China ETF (NASDAQ:PGJ) was up 0.9% during trading on Monday . The company traded as high as $29.22 and last traded at $29.09. Approximately 22,688 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 59,963 shares. The stock had previously closed at $28.82.

Invesco Golden Dragon China ETF Stock Performance

The company has a market capitalization of $141.38 million, a price-to-earnings ratio of 14.18 and a beta of 0.58. The business has a 50-day simple moving average of $28.37 and a two-hundred day simple moving average of $28.08.

Invesco Golden Dragon China ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were issued a $0.2146 dividend. This is a positive change from Invesco Golden Dragon China ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.86 annualized dividend and a yield of 2.95%.

Institutional Investors Weigh In On Invesco Golden Dragon China ETF

Several institutional investors have recently bought and sold shares of PGJ. Jones Financial Companies Lllp raised its position in shares of Invesco Golden Dragon China ETF by 4.4% in the 1st quarter. Jones Financial Companies Lllp now owns 16,466 shares of the company’s stock valued at $488,000 after buying an additional 699 shares in the last quarter. Sava Infond d.o.o. acquired a new position in shares of Invesco Golden Dragon China ETF during the fourth quarter valued at about $34,000. JPMorgan Chase & Co. raised its holdings in shares of Invesco Golden Dragon China ETF by 2,678.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,556 shares of the company’s stock worth $41,000 after acquiring an additional 1,500 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Invesco Golden Dragon China ETF by 8.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 20,333 shares of the company’s stock worth $602,000 after acquiring an additional 1,663 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Invesco Golden Dragon China ETF by 12.4% in the first quarter. Royal Bank of Canada now owns 21,689 shares of the company’s stock valued at $643,000 after buying an additional 2,401 shares during the period.

About Invesco Golden Dragon China ETF

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.