Sowell Financial Services LLC Purchases 11,575 Shares of Invesco NASDAQ Internet ETF $PNQI

Sowell Financial Services LLC purchased a new stake in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,575 shares of the company’s stock, valued at approximately $587,000. Sowell Financial Services LLC owned 0.11% of Invesco NASDAQ Internet ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meridian Investment Counsel Inc. bought a new stake in shares of Invesco NASDAQ Internet ETF in the 3rd quarter valued at about $205,000. Integrated Wealth Concepts LLC bought a new position in Invesco NASDAQ Internet ETF during the 2nd quarter worth approximately $576,000. Allworth Financial LP grew its position in Invesco NASDAQ Internet ETF by 14.8% during the 2nd quarter. Allworth Financial LP now owns 1,668 shares of the company’s stock worth $76,000 after acquiring an additional 215 shares during the last quarter. Waverly Advisors LLC bought a new position in Invesco NASDAQ Internet ETF during the 2nd quarter worth approximately $309,000. Finally, Citadel Advisors LLC purchased a new position in Invesco NASDAQ Internet ETF in the 2nd quarter worth approximately $1,130,000.

Invesco NASDAQ Internet ETF Stock Performance

Shares of PNQI stock opened at $51.52 on Friday. Invesco NASDAQ Internet ETF has a fifty-two week low of $42.80 and a fifty-two week high of $57.22. The stock has a 50 day moving average price of $51.76 and a two-hundred day moving average price of $49.31. The company has a market capitalization of $539.41 million, a P/E ratio of 30.49 and a beta of 1.25.

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.