Envestnet Asset Management Inc. Trims Stake in Invesco China Technology ETF $CQQQ

Envestnet Asset Management Inc. cut its holdings in Invesco China Technology ETF (NYSEARCA:CQQQ) by 11.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 113,134 shares of the company’s stock after selling 14,561 shares during the period. Envestnet Asset Management Inc. owned 0.21% of Invesco China Technology ETF worth $6,676,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CQQQ. CWM LLC purchased a new stake in shares of Invesco China Technology ETF in the 3rd quarter worth $34,000. Sage Mountain Advisors LLC increased its position in Invesco China Technology ETF by 331.6% in the second quarter. Sage Mountain Advisors LLC now owns 1,187 shares of the company’s stock worth $53,000 after buying an additional 912 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Invesco China Technology ETF in the third quarter worth about $79,000. Optimum Investment Advisors lifted its position in shares of Invesco China Technology ETF by 40.3% during the 2nd quarter. Optimum Investment Advisors now owns 2,525 shares of the company’s stock valued at $112,000 after buying an additional 725 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in shares of Invesco China Technology ETF during the 2nd quarter valued at about $120,000.

Invesco China Technology ETF Trading Up 0.2%

Invesco China Technology ETF stock opened at $53.55 on Friday. Invesco China Technology ETF has a 12-month low of $35.62 and a 12-month high of $61.20. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 20.61 and a beta of 0.43. The firm has a 50 day moving average of $54.37 and a 200 day moving average of $54.08.

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).