Lee Danner & Bass Inc. Makes New $40,000 Investment in Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Lee Danner & Bass Inc. acquired a new stake in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 865 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PNQI. Raymond James Financial Inc. acquired a new position in shares of Invesco NASDAQ Internet ETF in the fourth quarter valued at approximately $7,875,000. Bank of Montreal Can acquired a new position in shares of Invesco NASDAQ Internet ETF in the third quarter valued at approximately $5,401,000. Jane Street Group LLC increased its position in Invesco NASDAQ Internet ETF by 39.0% during the 3rd quarter. Jane Street Group LLC now owns 373,571 shares of the company’s stock valued at $16,232,000 after purchasing an additional 104,872 shares during the period. Grant GrossMendelsohn LLC acquired a new stake in Invesco NASDAQ Internet ETF during the 4th quarter valued at approximately $3,151,000. Finally, FourThought Financial Partners LLC acquired a new stake in Invesco NASDAQ Internet ETF during the 4th quarter valued at approximately $1,049,000.

Invesco NASDAQ Internet ETF Stock Performance

NASDAQ:PNQI opened at $45.71 on Friday. The company has a market capitalization of $813.18 million, a PE ratio of 29.10 and a beta of 1.15. The company has a 50 day simple moving average of $48.05 and a two-hundred day simple moving average of $46.19. Invesco NASDAQ Internet ETF has a fifty-two week low of $36.00 and a fifty-two week high of $51.32.

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.