Invesco NASDAQ Internet ETF $PNQI Shares Sold by GeoWealth Management LLC

GeoWealth Management LLC decreased its position in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 31.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 66,545 shares of the company’s stock after selling 29,958 shares during the quarter. GeoWealth Management LLC’s holdings in Invesco NASDAQ Internet ETF were worth $3,474,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC purchased a new stake in shares of Invesco NASDAQ Internet ETF during the second quarter worth approximately $34,000. MAI Capital Management boosted its holdings in Invesco NASDAQ Internet ETF by 124.5% during the first quarter. MAI Capital Management now owns 988 shares of the company’s stock worth $44,000 after buying an additional 548 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Invesco NASDAQ Internet ETF in the 2nd quarter worth approximately $78,000. AE Wealth Management LLC grew its holdings 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 valued at $88,000 after purchasing an additional 219 shares during the last quarter. Finally, Beaumont Financial Advisors LLC acquired a new stake in Invesco NASDAQ Internet ETF in the 2nd quarter valued at about $209,000.

Invesco NASDAQ Internet ETF Stock Up 0.2%

Shares of NASDAQ:PNQI opened at $54.38 on Friday. The stock’s fifty day simple moving average is $54.78 and its 200-day simple moving average is $53.19. The company has a market capitalization of $783.62 million, a P/E ratio of 30.49 and a beta of 1.21. Invesco NASDAQ Internet ETF has a 52-week low of $37.75 and a 52-week high of $57.22.

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.