Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Shares Sold by Robbins Farley

Robbins Farley lowered its stake in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 16.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,381 shares of the company’s stock after selling 877 shares during the quarter. Robbins Farley’s holdings in Invesco NASDAQ Internet ETF were worth $205,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Raymond James & Associates lifted 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 valued at $4,447,000 after acquiring an additional 689 shares during the last quarter. Allworth Financial LP acquired a new stake in Invesco NASDAQ Internet ETF during the third quarter worth $43,000. FMR LLC raised its position in Invesco NASDAQ Internet ETF by 53.1% in the third quarter. FMR LLC now owns 20,909 shares of the company’s stock valued at $908,000 after purchasing an additional 7,251 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Invesco NASDAQ Internet ETF by 29.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,430 shares of the company’s stock valued at $323,000 after purchasing an additional 1,680 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Invesco NASDAQ Internet ETF during the 3rd quarter worth $5,401,000.

Invesco NASDAQ Internet ETF Trading Down 0.6 %

Shares of NASDAQ:PNQI opened at $49.42 on Tuesday. The business has a 50-day moving average price of $47.91 and a 200 day moving average price of $44.29. Invesco NASDAQ Internet ETF has a 12-month low of $36.00 and a 12-month high of $50.38. The company has a market capitalization of $903.40 million, a price-to-earnings ratio of 8.95 and a beta of 1.15.

Invesco NASDAQ Internet ETF Company 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.