Commonwealth Equity Services LLC Sells 875 Shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Commonwealth Equity Services LLC cut its holdings in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,191 shares of the company’s stock after selling 875 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.17% of Invesco NASDAQ Internet ETF worth $1,322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Securities Inc. acquired a new stake in Invesco NASDAQ Internet ETF in the fourth quarter worth about $26,000. Avantax Advisory Services Inc. lifted its holdings in shares of Invesco NASDAQ Internet ETF by 46.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 22,451 shares of the company’s stock valued at $810,000 after purchasing an additional 7,146 shares in the last quarter. UBS Group AG lifted its stake in Invesco NASDAQ Internet ETF by 44.5% in the 4th quarter. UBS Group AG now owns 898,893 shares of the company’s stock valued at $32,423,000 after acquiring an additional 276,992 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Invesco NASDAQ Internet ETF by 40.9% in the 4th quarter. Wells Fargo & Company MN now owns 193,655 shares of the company’s stock valued at $6,985,000 after acquiring an additional 56,211 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Invesco NASDAQ Internet ETF by 17.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 47,514 shares of the company’s stock valued at $1,714,000 after acquiring an additional 7,059 shares in the last quarter.

Invesco NASDAQ Internet ETF Stock Up 0.4 %

NASDAQ:PNQI opened at $41.27 on Monday. The firm has a market capitalization of $776.70 million, a price-to-earnings ratio of 8.95 and a beta of 1.15. Invesco NASDAQ Internet ETF has a twelve month low of $28.84 and a twelve month high of $42.23. The stock’s 50 day moving average price is $40.43 and its two-hundred day moving average price is $40.04.

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.