Invesco Golden Dragon China ETF (NASDAQ:PGJ) Trading 0.7% Higher – Still a Buy?

Invesco Golden Dragon China ETF (NASDAQ:PGJ)’s stock price traded up 0.7% on Monday . The stock traded as high as $26.42 and last traded at $26.42. 12,379 shares were traded during mid-day trading, a decline of 48% from the average session volume of 23,887 shares. The stock had previously closed at $26.23.

Invesco Golden Dragon China ETF Trading Up 0.7%

The stock has a market capitalization of $113.34 million, a P/E ratio of 14.18 and a beta of 0.45. The company’s 50-day moving average is $27.43 and its two-hundred day moving average is $29.51.

Invesco Golden Dragon China ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.0107 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.04 annualized dividend and a yield of 0.2%.

Institutional Trading of Invesco Golden Dragon China ETF

Several hedge funds have recently bought and sold shares of PGJ. Virtu Financial LLC lifted its position in Invesco Golden Dragon China ETF by 104.1% in the 4th quarter. Virtu Financial LLC now owns 51,050 shares of the company’s stock valued at $1,471,000 after purchasing an additional 26,038 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Invesco Golden Dragon China ETF in the 3rd quarter valued at about $731,000. Ameriprise Financial Inc. bought a new stake in Invesco Golden Dragon China ETF in the 3rd quarter valued at about $508,000. Tower Research Capital LLC TRC lifted its position in Invesco Golden Dragon China ETF by 109.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 24,964 shares of the company’s stock valued at $708,000 after purchasing an additional 13,028 shares during the last quarter. Finally, Avestar Capital LLC lifted its position in Invesco Golden Dragon China ETF by 54.6% in the 3rd quarter. Avestar Capital LLC now owns 36,671 shares of the company’s stock valued at $1,217,000 after purchasing an additional 12,957 shares during the last quarter.

Invesco Golden Dragon China ETF Company Profile

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.