JPMorgan Chase & Co. Increases Stake in Invesco China Technology ETF $CQQQ

JPMorgan Chase & Co. lifted its position in Invesco China Technology ETF (NYSEARCA:CQQQ) by 440.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,116 shares of the company’s stock after acquiring an additional 122,333 shares during the quarter. JPMorgan Chase & Co. owned 0.27% of Invesco China Technology ETF worth $8,858,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CQQQ. CWM LLC purchased a new position in Invesco China Technology ETF during the 3rd quarter valued at about $34,000. Advisory Services Network LLC bought a new stake in shares of Invesco China Technology ETF in the 3rd quarter valued at about $60,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Invesco China Technology ETF in the 3rd quarter worth approximately $79,000. Stelac Advisory Services LLC purchased a new stake in shares of Invesco China Technology ETF in the 3rd quarter worth approximately $124,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Invesco China Technology ETF during the third quarter valued at approximately $218,000.

Invesco China Technology ETF Price Performance

Shares of CQQQ stock opened at $45.06 on Monday. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 20.61 and a beta of 0.43. The company’s 50 day moving average is $52.10 and its 200 day moving average is $53.94. Invesco China Technology ETF has a 52-week low of $35.62 and a 52-week high of $61.20.

About Invesco China Technology ETF

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).