Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI – Free Report) by 797.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 76,907 shares of the company’s stock after purchasing an additional 68,339 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco NASDAQ Internet ETF were worth $4,149,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank bought a new stake in Invesco NASDAQ Internet ETF during the 3rd quarter worth about $56,000. Advisory Services Network LLC bought a new stake in Invesco NASDAQ Internet ETF during the 3rd quarter worth about $73,000. Allworth Financial LP lifted its position in Invesco NASDAQ Internet ETF by 39.3% during the 3rd quarter. Allworth Financial LP now owns 1,393 shares of the company’s stock worth $78,000 after buying an additional 393 shares in the last quarter. Compound Planning Inc. bought a new stake in Invesco NASDAQ Internet ETF during the 3rd quarter worth about $209,000. Finally, RCW Management LLC bought a new stake in Invesco NASDAQ Internet ETF during the 4th quarter worth about $237,000.
Invesco NASDAQ Internet ETF Price Performance
Shares of NASDAQ:PNQI opened at $48.17 on Monday. The company’s 50-day moving average price is $47.05 and its two-hundred day moving average price is $50.07. Invesco NASDAQ Internet ETF has a one year low of $42.80 and a one year high of $57.22. The stock has a market capitalization of $556.85 million, a PE 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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