Wells Fargo & Company MN Buys 24,340 Shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Wells Fargo & Company MN raised its stake in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 11.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 235,597 shares of the company’s stock after acquiring an additional 24,340 shares during the period. Wells Fargo & Company MN owned approximately 1.32% of Invesco NASDAQ Internet ETF worth $11,000,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OLD Mission Capital LLC purchased a new position in shares of Invesco NASDAQ Internet ETF during the 4th quarter valued at about $350,000. JPMorgan Chase & Co. raised its holdings in Invesco NASDAQ Internet ETF by 274.3% during the 4th quarter. JPMorgan Chase & Co. now owns 27,807 shares of the company’s stock valued at $1,298,000 after buying an additional 20,377 shares during the period. LPL Financial LLC lifted its position in Invesco NASDAQ Internet ETF by 8.0% in the fourth quarter. LPL Financial LLC now owns 452,221 shares of the company’s stock worth $21,114,000 after buying an additional 33,630 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in Invesco NASDAQ Internet ETF during the fourth quarter worth $40,000. Finally, GWN Securities Inc. bought a new position in Invesco NASDAQ Internet ETF during the fourth quarter valued at $318,000.

Invesco NASDAQ Internet ETF Price Performance

Shares of NASDAQ PNQI opened at $42.38 on Wednesday. Invesco NASDAQ Internet ETF has a 1 year low of $36.00 and a 1 year high of $51.32. The firm has a 50-day simple moving average of $45.98 and a two-hundred day simple moving average of $46.34. The company has a market cap of $742.07 million, a P/E ratio of 26.65 and a beta of 1.26.

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.