Raymond James Financial Inc. purchased a new position in Invesco NASDAQ Internet ETF (NASDAQ:PNQI – Free Report) in the fourth quarter, HoldingsChannel reports. The firm purchased 168,662 shares of the company’s stock, valued at approximately $7,875,000.
A number of other institutional investors also recently made changes to their positions in the stock. HighTower Advisors LLC lifted its stake in shares of Invesco NASDAQ Internet ETF by 0.8% in the 3rd quarter. HighTower Advisors LLC now owns 576,258 shares of the company’s stock worth $25,050,000 after acquiring an additional 4,833 shares during the period. Jane Street Group LLC lifted its stake in shares of Invesco NASDAQ Internet ETF by 39.0% in the 3rd 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. Bank of Montreal Can acquired a new stake in shares of Invesco NASDAQ Internet ETF in the 3rd quarter worth approximately $5,401,000. Truist Financial Corp lifted its stake in shares of Invesco NASDAQ Internet ETF by 0.3% in the 4th quarter. Truist Financial Corp now owns 73,784 shares of the company’s stock worth $3,445,000 after acquiring an additional 228 shares during the period. Finally, Grant GrossMendelsohn LLC acquired a new stake in shares of Invesco NASDAQ Internet ETF in the 4th quarter worth approximately $3,151,000.
Invesco NASDAQ Internet ETF Trading Up 1.1 %
Shares of NASDAQ:PNQI opened at $45.71 on Friday. The company has a 50 day moving average of $48.05 and a 200-day moving average of $46.19. The firm has a market cap of $813.18 million, a P/E ratio of 29.10 and a beta of 1.15. Invesco NASDAQ Internet ETF has a twelve month low of $36.00 and a twelve month 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.
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