Invesco NASDAQ Internet ETF $PNQI Shares Newly Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC acquired a new stake in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) in the 3rd quarter, HoldingsChannel reports. The fund acquired 11,575 shares of the company’s stock, valued at approximately $587,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PNQI. TD Waterhouse Canada Inc. bought a new stake in shares of Invesco NASDAQ Internet ETF in the second quarter worth about $3,512,000. Citadel Advisors LLC purchased a new position in Invesco NASDAQ Internet ETF during the 2nd quarter valued at about $1,130,000. Integrated Wealth Concepts LLC purchased a new position in Invesco NASDAQ Internet ETF during the 2nd quarter valued at about $576,000. Meridian Investment Counsel Inc. bought a new position in Invesco NASDAQ Internet ETF during the 3rd quarter valued at approximately $205,000. Finally, Allworth Financial LP raised 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 valued at $76,000 after purchasing an additional 215 shares during the last quarter.

Invesco NASDAQ Internet ETF Stock Performance

NASDAQ PNQI 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 simple moving average of $51.76 and a two-hundred day simple moving average of $49.31. The stock has a market cap 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.