Invesco Golden Dragon China ETF (NASDAQ:PGJ) Stock Price Down 2.3% – Should You Sell?

Invesco Golden Dragon China ETF (NASDAQ:PGJ)’s stock price traded down 2.3% during trading on Wednesday . The company traded as low as $27.18 and last traded at $27.27. 55,774 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 59,877 shares. The stock had previously closed at $27.90.

Invesco Golden Dragon China ETF Stock Up 1.4 %

The firm has a 50 day moving average of $26.54 and a 200 day moving average of $25.26. The firm has a market cap of $150.70 million, a PE ratio of 14.59 and a beta of 0.58.

Invesco Golden Dragon China ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.0651 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new position in Invesco Golden Dragon China ETF during the 3rd quarter valued at about $245,000. Harvest Fund Management Co. Ltd boosted its position in shares of Invesco Golden Dragon China ETF by 419.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 29,033 shares of the company’s stock valued at $817,000 after acquiring an additional 23,445 shares during the period. BNP Paribas Financial Markets grew its stake in Invesco Golden Dragon China ETF by 35.9% during the third quarter. BNP Paribas Financial Markets now owns 6,596 shares of the company’s stock valued at $186,000 after acquiring an additional 1,744 shares in the last quarter. MML Investors Services LLC increased its holdings in Invesco Golden Dragon China ETF by 38.8% during the 3rd quarter. MML Investors Services LLC now owns 24,521 shares of the company’s stock worth $691,000 after acquiring an additional 6,850 shares during the period. Finally, Avestar Capital LLC purchased a new stake in Invesco Golden Dragon China ETF in the 4th quarter worth approximately $620,000.

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.