PFG Advisors Has $2.58 Million Stock Position in Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

PFG Advisors lowered its holdings in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 2.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,173 shares of the company’s stock after selling 1,315 shares during the quarter. PFG Advisors owned 0.31% of Invesco NASDAQ Internet ETF worth $2,576,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. KKM Financial LLC grew its holdings in shares of Invesco NASDAQ Internet ETF by 4.4% during the 3rd quarter. KKM Financial LLC now owns 7,200 shares of the company’s stock worth $313,000 after purchasing an additional 303 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Invesco NASDAQ Internet ETF during the 3rd quarter worth approximately $5,401,000. FMR LLC grew its holdings in shares of Invesco NASDAQ Internet ETF by 53.1% during the 3rd quarter. FMR LLC now owns 20,909 shares of the company’s stock worth $908,000 after purchasing an additional 7,251 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Invesco NASDAQ Internet ETF during the 3rd quarter worth approximately $687,000. Finally, HighTower Advisors LLC grew its holdings in shares of Invesco NASDAQ Internet ETF by 0.8% during the 3rd quarter. HighTower Advisors LLC now owns 576,258 shares of the company’s stock worth $25,050,000 after purchasing an additional 4,833 shares in the last quarter.

Invesco NASDAQ Internet ETF Trading Up 1.3 %

Shares of NASDAQ:PNQI opened at $45.19 on Thursday. Invesco NASDAQ Internet ETF has a 1-year low of $36.00 and a 1-year high of $51.32. The firm has a market capitalization of $803.93 million, a PE ratio of 29.10 and a beta of 1.19. The business’s 50 day moving average is $48.34 and its 200-day moving average is $45.99.

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.