GeoWealth Management LLC Sells 29,958 Shares of Invesco NASDAQ Internet ETF $PNQI

GeoWealth Management LLC decreased its position in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 31.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,545 shares of the company’s stock after selling 29,958 shares during the quarter. GeoWealth Management LLC owned approximately 0.45% of Invesco NASDAQ Internet ETF worth $3,474,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new stake in Invesco NASDAQ Internet ETF in the 2nd quarter worth approximately $34,000. MAI Capital Management grew its holdings in Invesco NASDAQ Internet ETF by 124.5% in the 1st quarter. MAI Capital Management now owns 988 shares of the company’s stock worth $44,000 after acquiring an additional 548 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Invesco NASDAQ Internet ETF during the second quarter valued at approximately $78,000. AE Wealth Management LLC raised its stake in Invesco NASDAQ Internet ETF by 15.0% in the second quarter. AE Wealth Management LLC now owns 1,677 shares of the company’s stock worth $88,000 after buying an additional 219 shares in the last quarter. Finally, Beaumont Financial Advisors LLC bought a new position in Invesco NASDAQ Internet ETF in the second quarter worth $209,000.

Invesco NASDAQ Internet ETF Stock Performance

NASDAQ:PNQI opened at $54.38 on Friday. Invesco NASDAQ Internet ETF has a fifty-two week low of $37.75 and a fifty-two week high of $57.22. The firm has a market cap of $783.62 million, a P/E ratio of 30.49 and a beta of 1.21. The firm has a 50-day simple moving average of $54.78 and a two-hundred day simple moving average of $53.19.

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.