Invesco Golden Dragon China ETF (NASDAQ:PGJ) Shares Up 4.5% – Should You Buy?

Invesco Golden Dragon China ETF (NASDAQ:PGJ) shot up 4.5% on Monday . The stock traded as high as $30.82 and last traded at $30.74. 54,158 shares traded hands during trading, an increase of 140% from the average session volume of 22,593 shares. The stock had previously closed at $29.43.

Invesco Golden Dragon China ETF Price Performance

The stock has a market cap of $140.17 million, a price-to-earnings ratio of 14.18 and a beta of 0.41. The stock’s 50-day moving average is $29.89 and its 200 day moving average is $30.58.

Invesco Golden Dragon China ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.2031 per share. This represents a $0.81 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Investors Weigh In On Invesco Golden Dragon China ETF

Several institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC increased its holdings in shares of Invesco Golden Dragon China ETF by 2.5% in the 2nd quarter. IHT Wealth Management LLC now owns 49,612 shares of the company’s stock valued at $1,408,000 after purchasing an additional 1,228 shares in the last quarter. Avestar Capital LLC grew its holdings in shares of Invesco Golden Dragon China ETF by 54.6% in the 3rd quarter. Avestar Capital LLC now owns 36,671 shares of the company’s stock worth $1,217,000 after acquiring an additional 12,957 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Invesco Golden Dragon China ETF by 50.0% in the 3rd 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 period. Virtu Financial LLC increased its stake in Invesco Golden Dragon China ETF by 68.3% in the 3rd quarter. Virtu Financial LLC now owns 25,012 shares of the company’s stock valued at $830,000 after purchasing an additional 10,152 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Invesco Golden Dragon China ETF by 109.1% in the second quarter. Tower Research Capital LLC TRC now owns 24,964 shares of the company’s stock valued at $708,000 after buying an additional 13,028 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.