Invesco NASDAQ Internet ETF $PNQI Stock Position Lowered by Parallel Advisors LLC

Parallel Advisors LLC reduced its position in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 35.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 38,634 shares of the company’s stock after selling 20,915 shares during the period. Parallel Advisors LLC owned 0.37% of Invesco NASDAQ Internet ETF worth $1,960,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PNQI. TD Waterhouse Canada Inc. purchased a new position in Invesco NASDAQ Internet ETF during the 2nd quarter worth approximately $3,512,000. Citadel Advisors LLC purchased a new stake in Invesco NASDAQ Internet ETF in the second quarter valued at approximately $1,130,000. Commonwealth Equity Services LLC purchased a new stake in Invesco NASDAQ Internet ETF in the third quarter valued at approximately $799,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco NASDAQ Internet ETF in the second quarter valued at approximately $576,000. Finally, Sowell Financial Services LLC acquired a new stake in shares of Invesco NASDAQ Internet ETF in the third quarter valued at approximately $587,000.

Invesco NASDAQ Internet ETF Trading Up 1.8%

Shares of PNQI opened at $50.90 on Tuesday. The company’s 50 day simple moving average is $51.38 and its 200-day simple moving average is $48.91. The firm has a market cap of $528.85 million, a PE ratio of 24.04 and a beta of 1.27. Invesco NASDAQ Internet ETF has a 12-month low of $42.80 and a 12-month high of $55.29.

Invesco NASDAQ Internet ETF 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.