Holdings Channel.com reports that Raymond James & Associates increased its holdings in Invesco NASDAQ Internet ETF (NASDAQ: PNQI – Free Report ) by 124.7% during the fourth quarter. The company now owns 79,798 shares of the company’s stock after purchasing an additional 44,283 shares during the quarter. Raymond James & Associates’ holdings in the Invesco NASDAQ Internet ETF were valued at $2,878,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their holdings of PNQI. UBS increased its holdings in the Invesco Nasdaq Internet ETF by 389.9% in the third quarter. UBS Group AG now owns 621,901 shares of the company’s stock valued at $19,080,000, after acquiring an additional 494,949 shares during the period. LPL Financial LLC increased its holdings in the Invesco NASDAQ Internet ETF by 479.0% in the third quarter. LPL Financial LLC now owns 366,171 shares of the company’s stock valued at $11,234,000, after acquiring an additional 302,928 shares during the period. Bank of America DE increased its holdings in shares of Invesco Nasdaq Internet ETF by 587.4% during the fourth quarter. Bank of America Corp DE now owns 274,551 shares of the company’s stock valued at $30,815,000, after purchasing an additional 234,613 shares during the period. Royal Bank of Canada increased its holdings in the Invesco Nasdaq Internet ETF by 353.3% in the third quarter. Royal Bank of Canada now owns 79,512 shares of the company’s shares valued at $2,439,000, after acquiring an additional 61,971 shares during the period. Finally, PFG Advisors increased its holdings in shares of Invesco Nasdaq Internet ETF by 301.8% during the third quarter. PFG Advisors now owns 81,590 shares of the company’s stock valued at $2,503,000, after acquiring an additional 61,285 shares during the period.
Invesco Nasdaq Internet ETF traded down 1.8%
PNQI stock opened Monday at $39.76. The stock has a 50-day moving average of $39.40 and a 200-day moving average of $35.81. Invesco Nasdaq Internet ETF has a 12-month low of $26.77 and a 12-month high of $40.57. The company has a market capitalization of $764.19 million, a P/E ratio of 8.95, and a beta of 1.46.
About Invesco Nasdaq Internet ETF
(free report)
The Invesco Nasdaq Internet ETF (PNQI) is an exchange-traded fund based on the Nasdaq Internet Index, a modified market capitalization-weighted index of U.S.-listed Internet companies. PNQI was established on June 12, 2008 and is managed by Invesco.
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