FourThought Financial Partners LLC Invests $1.05 Million in Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

FourThought Financial Partners LLC acquired a new position in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) during the fourth quarter, HoldingsChannel reports. The firm acquired 22,460 shares of the company’s stock, valued at approximately $1,049,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Hemington Wealth Management increased its holdings in Invesco NASDAQ Internet ETF by 47.3% during the 4th quarter. Hemington Wealth Management now owns 866 shares of the company’s stock worth $40,000 after purchasing an additional 278 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Invesco NASDAQ Internet ETF during the third quarter worth about $43,000. TruWealth Advisors LLC bought a new position in shares of Invesco NASDAQ Internet ETF during the fourth quarter worth about $202,000. Bank Hapoalim BM acquired a new stake in Invesco NASDAQ Internet ETF in the 4th quarter valued at approximately $215,000. Finally, KKM Financial LLC lifted its stake in Invesco NASDAQ Internet ETF by 4.4% in the 3rd quarter. KKM Financial LLC now owns 7,200 shares of the company’s stock valued at $313,000 after acquiring an additional 303 shares in the last quarter.

Invesco NASDAQ Internet ETF Stock Down 1.2 %

NASDAQ:PNQI opened at $48.31 on Wednesday. The company has a market cap of $859.43 million, a P/E ratio of 34.78 and a beta of 1.15. Invesco NASDAQ Internet ETF has a twelve month low of $36.00 and a twelve month high of $51.32. The business has a 50 day moving average price of $48.49 and a two-hundred day moving average price of $45.56.

Invesco NASDAQ Internet ETF Profile

The Invesco NASDAQ Internet ETF (PNQI) is an exchange-traded fund that is based on the NASDAQ Internet index, a modified-market-cap-weighted index of Internet companies listed in the US. PNQI was launched on Jun 12, 2008 and is managed by Invesco.