Invesco Golden Dragon China ETF (NASDAQ:PGJ) Trading Down 0.3% – Should You Sell?

Invesco Golden Dragon China ETF (NASDAQ:PGJ) fell 0.3% on Monday . The company traded as low as $23.56 and last traded at $23.57. Approximately 12,916 shares traded hands during trading, a decline of 49% from the average daily volume of 25,289 shares. The stock had previously closed at $23.64.

Invesco Golden Dragon China ETF Trading Down 0.3%

The stock has a market capitalization of $92.87 million, a PE ratio of 14.18 and a beta of 0.45. The firm’s fifty day moving average is $24.72 and its 200-day moving average is $26.90.

Invesco Golden Dragon China ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.0685 per share. This represents a $0.27 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Investors Weigh In On Invesco Golden Dragon China ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC raised its position in Invesco Golden Dragon China ETF by 104.1% in the fourth 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 period. Federation des caisses Desjardins du Quebec grew its holdings in shares of Invesco Golden Dragon China ETF by 6.9% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 30,363 shares of the company’s stock valued at $875,000 after purchasing an additional 1,947 shares in the last quarter. LPL Financial LLC increased its position in shares of Invesco Golden Dragon China ETF by 78.3% during the fourth quarter. LPL Financial LLC now owns 22,948 shares of the company’s stock worth $661,000 after acquiring an additional 10,078 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Invesco Golden Dragon China ETF in the 3rd quarter valued at about $731,000. Finally, BNP Paribas Financial Markets lifted its stake in Invesco Golden Dragon China ETF by 50.0% in the third quarter. BNP Paribas Financial Markets now owns 30,000 shares of the company’s stock worth $996,000 after acquiring an additional 10,000 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.