Stifel Financial Corp Trims Stock Position in Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Stifel Financial Corp cut its stake in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 1.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,730 shares of the company’s stock after selling 683 shares during the quarter. Stifel Financial Corp owned about 0.27% of Invesco NASDAQ Internet ETF worth $2,074,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James & Associates grew its holdings in Invesco NASDAQ Internet ETF by 0.7% in the third quarter. Raymond James & Associates now owns 102,343 shares of the company’s stock worth $4,447,000 after purchasing an additional 689 shares during the period. Allworth Financial LP purchased a new stake in shares of Invesco NASDAQ Internet ETF in the 3rd quarter worth approximately $43,000. Bank of Montreal Can bought a new position in Invesco NASDAQ Internet ETF during the 3rd quarter valued at approximately $5,401,000. Cambridge Investment Research Advisors Inc. raised its stake in Invesco NASDAQ Internet ETF by 6.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 51,521 shares of the company’s stock valued at $2,115,000 after buying an additional 3,305 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Invesco NASDAQ Internet ETF by 0.8% in the third quarter. HighTower Advisors LLC now owns 576,258 shares of the company’s stock worth $25,050,000 after acquiring an additional 4,833 shares in the last quarter.

Invesco NASDAQ Internet ETF Stock Performance

Shares of Invesco NASDAQ Internet ETF stock opened at $47.12 on Friday. The company has a 50-day simple moving average of $46.13 and a two-hundred day simple moving average of $42.77. The stock has a market capitalization of $842.03 million, a PE ratio of 8.95 and a beta of 1.15. Invesco NASDAQ Internet ETF has a 52-week low of $34.58 and a 52-week high of $49.61.

About Invesco NASDAQ Internet ETF

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.