Royal Bank of Canada Increases Position in Invesco NASDAQ Internet ETF $PNQI

Royal Bank of Canada lifted its holdings in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 10.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 245,402 shares of the company’s stock after acquiring an additional 23,149 shares during the quarter. Royal Bank of Canada owned 1.40% of Invesco NASDAQ Internet ETF worth $10,830,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Carr Financial Group Corp grew its holdings in shares of Invesco NASDAQ Internet ETF by 2.7% during the first quarter. Carr Financial Group Corp now owns 16,105 shares of the company’s stock valued at $711,000 after purchasing an additional 425 shares during the last quarter. Cetera Investment Advisers lifted its position in Invesco NASDAQ Internet ETF by 2.2% in the fourth quarter. Cetera Investment Advisers now owns 21,404 shares of the company’s stock worth $999,000 after purchasing an additional 455 shares during the period. Sowell Financial Services LLC lifted its position in shares of Invesco NASDAQ Internet ETF by 3.0% during the 1st quarter. Sowell Financial Services LLC now owns 17,175 shares of the company’s stock valued at $758,000 after acquiring an additional 500 shares during the last quarter. MAI Capital Management increased its stake in Invesco NASDAQ Internet ETF by 124.5% in the 1st quarter. MAI Capital Management now owns 988 shares of the company’s stock worth $44,000 after purchasing an additional 548 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its holdings in shares of Invesco NASDAQ Internet ETF by 9.1% in the first quarter. Kovack Advisors Inc. now owns 13,840 shares of the company’s stock valued at $611,000 after purchasing an additional 1,151 shares in the last quarter.

Invesco NASDAQ Internet ETF Stock Up 0.7%

PNQI opened at $55.29 on Friday. The stock has a fifty day moving average of $53.17 and a 200-day moving average of $48.94. The firm has a market capitalization of $819.95 million, a P/E ratio of 30.49 and a beta of 1.15. Invesco NASDAQ Internet ETF has a 12-month low of $37.75 and a 12-month high of $55.66.

Invesco NASDAQ Internet ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were paid a $0.009 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. This is a boost from Invesco NASDAQ Internet ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Monday, June 23rd.

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.