HighTower Advisors LLC lessened its stake in Invesco NASDAQ Internet ETF (NASDAQ:PNQI – Free Report) by 1.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 639,183 shares of the company’s stock after selling 11,145 shares during the period. HighTower Advisors LLC’s holdings in Invesco NASDAQ Internet ETF were worth $34,482,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in PNQI. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco NASDAQ Internet ETF by 797.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 76,907 shares of the company’s stock valued at $4,149,000 after buying an additional 68,339 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of Invesco NASDAQ Internet ETF by 69.9% in the 4th quarter. Benjamin Edwards Inc. now owns 32,957 shares of the company’s stock valued at $1,778,000 after buying an additional 13,555 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Invesco NASDAQ Internet ETF by 26.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 49,744 shares of the company’s stock valued at $2,777,000 after purchasing an additional 10,519 shares in the last quarter. Odyssey Capital Advisors Inc. bought a new stake in shares of Invesco NASDAQ Internet ETF during the 4th quarter valued at about $554,000. Finally, Lido Advisors LLC boosted its position in shares of Invesco NASDAQ Internet ETF by 78.8% during the 3rd quarter. Lido Advisors LLC now owns 19,911 shares of the company’s stock valued at $1,112,000 after purchasing an additional 8,778 shares in the last quarter.
Invesco NASDAQ Internet ETF Price Performance
Shares of Invesco NASDAQ Internet ETF stock opened at $48.17 on Friday. Invesco NASDAQ Internet ETF has a one year low of $42.80 and a one year high of $57.22. The stock’s 50-day moving average is $47.05 and its 200 day moving average is $50.11. The firm has a market cap of $556.85 million, a price-to-earnings ratio of 30.49 and a beta of 1.25.
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.
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