Invesco Golden Dragon China ETF (NASDAQ:PGJ) Trading 0.4% Higher – Should You Buy?

Invesco Golden Dragon China ETF (NASDAQ:PGJ)’s share price shot up 0.4% during mid-day trading on Tuesday . The stock traded as high as $22.68 and last traded at $22.5010. Approximately 18,777 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 23,845 shares. The stock had previously closed at $22.41.

Invesco Golden Dragon China ETF Trading Down 0.8%

The firm’s 50-day moving average is $23.92 and its 200 day moving average is $24.95. The firm has a market capitalization of $85.00 million, a price-to-earnings ratio of 14.18 and a beta of 0.45.

Hedge Funds Weigh In On Invesco Golden Dragon China ETF

Hedge funds have recently modified their holdings of the business. Virtu Financial LLC increased its holdings 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. Envestnet Asset Management Inc. lifted its holdings in Invesco Golden Dragon China ETF by 27.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 40,806 shares of the company’s stock worth $921,000 after buying an additional 8,687 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of Invesco Golden Dragon China ETF in the 2nd quarter valued at about $206,000.

About Invesco Golden Dragon China ETF

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.