J.W. Cole Advisors Inc. Trims Position in Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

J.W. Cole Advisors Inc. lowered its stake in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 2.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,514 shares of the company’s stock after selling 435 shares during the period. J.W. Cole Advisors Inc.’s holdings in Invesco NASDAQ Internet ETF were worth $674,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP acquired a new stake in Invesco NASDAQ Internet ETF during the 3rd quarter worth approximately $43,000. Janney Montgomery Scott LLC purchased a new stake in shares of Invesco NASDAQ Internet ETF during the first quarter worth approximately $202,000. Concord Investment Counsel Inc. acquired a new stake in shares of Invesco NASDAQ Internet ETF during the first quarter worth $228,000. Western Financial Corp CA grew its position in Invesco NASDAQ Internet ETF by 5.0% in the 2nd quarter. Western Financial Corp CA now owns 8,656 shares of the company’s stock valued at $355,000 after buying an additional 413 shares during the last quarter. Finally, Prudent Investors Network Inc. acquired a new position in Invesco NASDAQ Internet ETF in the 1st quarter valued at $399,000.

Invesco NASDAQ Internet ETF Stock Performance

Shares of Invesco NASDAQ Internet ETF stock opened at $44.30 on Wednesday. The company has a market cap of $817.78 million, a P/E ratio of 8.95 and a beta of 1.15. The firm has a fifty day moving average of $42.41 and a two-hundred day moving average of $40.84. Invesco NASDAQ Internet ETF has a one year low of $29.48 and a one year high of $44.42.

Invesco NASDAQ Internet ETF Company 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.