Royal Bank of Canada Cuts Stock Holdings in Invesco NASDAQ Internet ETF $PNQI

Royal Bank of Canada cut its stake in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 75.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,012 shares of the company’s stock after selling 163,563 shares during the period. Royal Bank of Canada owned 0.45% of Invesco NASDAQ Internet ETF worth $2,327,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. GWN Securities Inc. raised its position in shares of Invesco NASDAQ Internet ETF by 6.4% in the 4th quarter. GWN Securities Inc. now owns 6,304 shares of the company’s stock worth $340,000 after buying an additional 381 shares during the period. Tower Research Capital LLC TRC grew its position in Invesco NASDAQ Internet ETF by 4.7% during the second quarter. Tower Research Capital LLC TRC now owns 8,900 shares of the company’s stock valued at $465,000 after acquiring an additional 401 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Invesco NASDAQ Internet ETF by 5.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,008 shares of the company’s stock valued at $486,000 after acquiring an additional 440 shares during the period. Kovack Advisors Inc. increased its stake in Invesco NASDAQ Internet ETF by 3.5% during the fourth quarter. Kovack Advisors Inc. now owns 13,806 shares of the company’s stock worth $745,000 after acquiring an additional 462 shares during the last quarter. Finally, Lido Advisors LLC increased its stake in Invesco NASDAQ Internet ETF by 2.5% during the fourth quarter. Lido Advisors LLC now owns 20,404 shares of the company’s stock worth $1,118,000 after acquiring an additional 493 shares during the last quarter.

Invesco NASDAQ Internet ETF Price Performance

Invesco NASDAQ Internet ETF stock opened at $50.68 on Tuesday. The company has a market cap of $539.74 million, a price-to-earnings ratio of 30.49 and a beta of 1.23. Invesco NASDAQ Internet ETF has a 12 month low of $42.80 and a 12 month high of $57.22. The stock’s 50-day moving average is $47.94 and its 200-day moving average is $47.65.

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.