Fmr LLC Acquires 7,251 Shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Fmr LLC increased its stake in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 53.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,909 shares of the company’s stock after acquiring an additional 7,251 shares during the quarter. Fmr LLC’s holdings in Invesco NASDAQ Internet ETF were worth $908,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bank of Montreal Can acquired a new stake in Invesco NASDAQ Internet ETF in the third quarter worth $5,401,000. Sanctuary Advisors LLC bought a new position in shares of Invesco NASDAQ Internet ETF during the 2nd quarter worth about $1,568,000. Raymond James & Associates grew its stake in shares of Invesco NASDAQ Internet ETF by 9.6% in the 2nd quarter. Raymond James & Associates now owns 101,654 shares of the company’s stock valued at $4,174,000 after buying an additional 8,916 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Invesco NASDAQ Internet ETF by 6.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 51,521 shares of the company’s stock valued at $2,115,000 after buying an additional 3,305 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC raised its stake in Invesco NASDAQ Internet ETF by 16.8% during the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 20,406 shares of the company’s stock worth $838,000 after buying an additional 2,932 shares during the period.

Invesco NASDAQ Internet ETF Stock Performance

Shares of NASDAQ:PNQI opened at $48.99 on Tuesday. Invesco NASDAQ Internet ETF has a 52-week low of $34.58 and a 52-week high of $49.61. The business’s 50 day simple moving average is $45.76 and its two-hundred day simple moving average is $42.57. The firm has a market cap of $875.45 million, a P/E ratio of 8.95 and a beta of 1.15.

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.