Wealthspire Advisors LLC Lowers Stake in Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Wealthspire Advisors LLC reduced its stake in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 50.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,680 shares of the company’s stock after selling 7,680 shares during the quarter. Wealthspire Advisors LLC’s holdings in Invesco NASDAQ Internet ETF were worth $359,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in PNQI. Bank of Montreal Can purchased a new stake in Invesco NASDAQ Internet ETF in the third quarter worth about $5,401,000. Jane Street Group LLC lifted its stake in Invesco NASDAQ Internet ETF by 39.0% in the third quarter. Jane Street Group LLC now owns 373,571 shares of the company’s stock worth $16,232,000 after acquiring an additional 104,872 shares during the period. Grant GrossMendelsohn LLC purchased a new stake in Invesco NASDAQ Internet ETF in the fourth quarter worth about $3,151,000. Pallas Capital Advisors LLC purchased a new stake in Invesco NASDAQ Internet ETF in the fourth quarter worth about $774,000. Finally, Benjamin Edwards Inc. purchased a new stake in Invesco NASDAQ Internet ETF in the third quarter worth about $687,000.

Invesco NASDAQ Internet ETF Price Performance

NASDAQ:PNQI opened at $48.61 on Thursday. The firm has a market cap of $864.77 million, a PE ratio of 34.78 and a beta of 1.15. The company has a 50-day moving average of $48.52 and a 200 day moving average of $45.58. Invesco NASDAQ Internet ETF has a 1-year low of $36.00 and a 1-year high of $51.32.

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.