Sycomore Asset Management Raises Stock Holdings in Invesco China Technology ETF (NYSEARCA:CQQQ)

Sycomore Asset Management raised its holdings in Invesco China Technology ETF (NYSEARCA:CQQQ) by 320.7% during the 4th quarter, Holdings Channel reports. The firm owned 6,100 shares of the company’s stock after buying an additional 4,650 shares during the quarter. Sycomore Asset Management’s holdings in Invesco China Technology ETF were worth $233,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new position in Invesco China Technology ETF in the 4th quarter valued at about $1,357,000. Flow Traders U.S. LLC increased its stake in Invesco China Technology ETF by 101.0% during the 3rd quarter. Flow Traders U.S. LLC now owns 36,150 shares of the company’s stock worth $1,491,000 after buying an additional 18,168 shares in the last quarter. DRW Securities LLC acquired a new position in shares of Invesco China Technology ETF during the third quarter valued at approximately $343,000. Vontobel Holding Ltd. lifted its position in shares of Invesco China Technology ETF by 38.9% in the third quarter. Vontobel Holding Ltd. now owns 25,000 shares of the company’s stock valued at $1,031,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Pictet North America Advisors SA acquired a new stake in shares of Invesco China Technology ETF in the third quarter worth approximately $225,000.

Invesco China Technology ETF Stock Performance

Shares of CQQQ opened at $43.45 on Monday. The stock has a 50 day moving average price of $40.12 and a 200 day moving average price of $38.09. Invesco China Technology ETF has a one year low of $29.70 and a one year high of $50.98. The stock has a market capitalization of $823.38 million, a price-to-earnings ratio of 19.03 and a beta of 1.22.

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).