Sowell Financial Services LLC Has $779,000 Stake in Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Sowell Financial Services LLC decreased its position in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 2.9% during the 4th quarter, HoldingsChannel reports. The fund owned 16,675 shares of the company’s stock after selling 500 shares during the period. Sowell Financial Services LLC’s holdings in Invesco NASDAQ Internet ETF were worth $779,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PNQI. Jones Financial Companies Lllp lifted its holdings in Invesco NASDAQ Internet ETF by 15.7% during the 4th quarter. Jones Financial Companies Lllp now owns 19,211 shares of the company’s stock worth $897,000 after buying an additional 2,608 shares during the period. JPMorgan Chase & Co. lifted its holdings in Invesco NASDAQ Internet ETF by 29.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,430 shares of the company’s stock worth $323,000 after buying an additional 1,680 shares during the period. FMR LLC lifted its holdings in Invesco NASDAQ Internet ETF by 53.1% during the 3rd quarter. FMR LLC now owns 20,909 shares of the company’s stock worth $908,000 after buying an additional 7,251 shares during the period. Bank of Montreal Can acquired a new position in Invesco NASDAQ Internet ETF during the 3rd quarter worth about $5,401,000. Finally, HighTower Advisors LLC lifted its holdings in Invesco NASDAQ Internet ETF by 0.8% during the 3rd quarter. HighTower Advisors LLC now owns 576,258 shares of the company’s stock worth $25,050,000 after buying an additional 4,833 shares during the period.

Invesco NASDAQ Internet ETF Trading Down 0.3 %

Shares of PNQI opened at $44.60 on Wednesday. The company has a market capitalization of $793.43 million, a PE ratio of 29.10 and a beta of 1.19. Invesco NASDAQ Internet ETF has a 12 month low of $36.00 and a 12 month high of $51.32. The stock’s 50-day moving average price is $48.37 and its two-hundred day moving average price is $46.00.

About Invesco NASDAQ Internet ETF

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.