Private Advisor Group LLC Cuts Position in Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Private Advisor Group LLC decreased its holdings in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,159 shares of the company’s stock after selling 1,599 shares during the quarter. Private Advisor Group LLC owned about 0.19% of Invesco NASDAQ Internet ETF worth $1,484,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new position in shares of Invesco NASDAQ Internet ETF in the second quarter valued at $1,568,000. J.W. Cole Advisors Inc. purchased a new position in shares of Invesco NASDAQ Internet ETF in the first quarter valued at $648,000. Prudent Investors Network Inc. purchased a new position in shares of Invesco NASDAQ Internet ETF in the first quarter valued at $399,000. Raymond James & Associates increased its position in shares of Invesco NASDAQ Internet ETF by 9.6% in the second quarter. Raymond James & Associates now owns 101,654 shares of the company’s stock valued at $4,174,000 after buying an additional 8,916 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its position in shares of Invesco NASDAQ Internet ETF by 27.9% in the first quarter. Avantax Advisory Services Inc. now owns 28,709 shares of the company’s stock valued at $1,145,000 after buying an additional 6,258 shares in the last quarter.

Invesco NASDAQ Internet ETF Stock Up 0.2 %

Shares of PNQI stock opened at $44.40 on Thursday. Invesco NASDAQ Internet ETF has a fifty-two week low of $29.57 and a fifty-two week high of $44.74. The stock has a market cap of $819.62 million, a P/E ratio of 8.95 and a beta of 1.15. The business has a fifty day simple moving average of $42.47 and a 200-day simple moving average of $40.86.

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.