Invesco Golden Dragon China ETF (NASDAQ:PGJ) Shares Up 0.3% – Still a Buy?

Shares of Invesco Golden Dragon China ETF (NASDAQ:PGJ) were up 0.3% during trading on Tuesday . The stock traded as high as $25.39 and last traded at $25.24. Approximately 34,472 shares traded hands during trading, an increase of 40% from the average daily volume of 24,675 shares. The stock had previously closed at $25.16.

Invesco Golden Dragon China ETF Price Performance

The stock’s fifty day simple moving average is $26.47 and its 200-day simple moving average is $28.36. The stock has a market cap of $108.28 million, a P/E ratio of 14.18 and a beta of 0.46.

Invesco Golden Dragon China ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.0107 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%.

Institutional Investors Weigh In On Invesco Golden Dragon China ETF

A number of hedge funds have recently made changes to their positions in the business. IHT Wealth Management LLC raised its holdings in shares of Invesco Golden Dragon China ETF by 10.3% during the fourth quarter. IHT Wealth Management LLC now owns 61,840 shares of the company’s stock valued at $1,782,000 after buying an additional 5,782 shares during the last quarter. Virtu Financial LLC raised its holdings in shares of Invesco Golden Dragon China ETF by 104.1% during the fourth quarter. Virtu Financial LLC now owns 51,050 shares of the company’s stock valued at $1,471,000 after buying an additional 26,038 shares during the last quarter. Avestar Capital LLC raised its holdings in shares of Invesco Golden Dragon China ETF by 54.6% during the third quarter. Avestar Capital LLC now owns 36,671 shares of the company’s stock valued at $1,217,000 after buying an additional 12,957 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in shares of Invesco Golden Dragon China ETF by 6.9% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 30,363 shares of the company’s stock valued at $875,000 after buying an additional 1,947 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Invesco Golden Dragon China ETF by 50.0% during the third quarter. BNP Paribas Financial Markets now owns 30,000 shares of the company’s stock worth $996,000 after purchasing an additional 10,000 shares in 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.