Invesco NASDAQ Internet ETF $PNQI Stock Position Reduced by GWN Securities Inc.

GWN Securities Inc. decreased its position in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 97.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,938 shares of the company’s stock after selling 189,165 shares during the quarter. GWN Securities Inc.’s holdings in Invesco NASDAQ Internet ETF were worth $310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PNQI. Envestnet Asset Management Inc. lifted its stake in Invesco NASDAQ Internet ETF by 43.7% during the second quarter. Envestnet Asset Management Inc. now owns 26,133 shares of the company’s stock worth $1,364,000 after purchasing an additional 7,945 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Invesco NASDAQ Internet ETF in the 2nd quarter worth about $298,000. WMG Financial Advisors LLC lifted its position in shares of Invesco NASDAQ Internet ETF by 5.9% in the 2nd quarter. WMG Financial Advisors LLC now owns 5,798 shares of the company’s stock worth $303,000 after buying an additional 324 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Invesco NASDAQ Internet ETF in the 2nd quarter valued at about $34,000. Finally, Meridian Investment Counsel Inc. bought a new stake in shares of Invesco NASDAQ Internet ETF during the 2nd quarter valued at about $217,000.

Invesco NASDAQ Internet ETF Stock Down 0.3%

PNQI opened at $56.77 on Thursday. The company’s 50-day moving average price is $55.36 and its 200 day moving average price is $51.64. 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 $820.89 million, a price-to-earnings ratio of 30.49 and a beta of 1.21.

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.