Envestnet Asset Management Inc. Increases Stake in Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Envestnet Asset Management Inc. increased its stake in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,314 shares of the company’s stock after purchasing an additional 460 shares during the period. Envestnet Asset Management Inc. owned 0.10% of Invesco NASDAQ Internet ETF worth $855,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. HighTower Advisors LLC lifted its stake in shares of Invesco NASDAQ Internet ETF by 1.3% during the fourth quarter. HighTower Advisors LLC now owns 583,798 shares of the company’s stock worth $27,258,000 after buying an additional 7,540 shares during the period. LPL Financial LLC raised its stake in Invesco NASDAQ Internet ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 452,221 shares of the company’s stock worth $21,114,000 after acquiring an additional 33,630 shares during the last quarter. Wells Fargo & Company MN lifted its position in Invesco NASDAQ Internet ETF by 11.5% during the 4th quarter. Wells Fargo & Company MN now owns 235,597 shares of the company’s stock worth $11,000,000 after acquiring an additional 24,340 shares during the period. Raymond James Financial Inc. purchased a new stake in Invesco NASDAQ Internet ETF during the 4th quarter valued at about $7,875,000. Finally, Truist Financial Corp increased its holdings in shares of Invesco NASDAQ Internet ETF by 0.3% in the fourth quarter. Truist Financial Corp now owns 73,784 shares of the company’s stock valued at $3,445,000 after purchasing an additional 228 shares during the period.

Invesco NASDAQ Internet ETF Stock Up 1.4 %

Invesco NASDAQ Internet ETF stock opened at $45.70 on Friday. The stock has a 50-day moving average price of $44.31 and a 200 day moving average price of $46.31. The company has a market capitalization of $798.84 million, a price-to-earnings ratio of 26.65 and a beta of 1.15. Invesco NASDAQ Internet ETF has a 52 week low of $36.00 and a 52 week high of $51.32.

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.