David J Yvars Group Lowers Stock Holdings in Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

David J Yvars Group lessened its stake in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 15.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,334 shares of the company’s stock after selling 5,001 shares during the period. Invesco NASDAQ Internet ETF accounts for about 0.7% of David J Yvars Group’s holdings, making the stock its 25th biggest position. David J Yvars Group owned approximately 0.15% of Invesco NASDAQ Internet ETF worth $1,188,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new position in shares of Invesco NASDAQ Internet ETF in the second quarter valued at approximately $1,568,000. Prudent Investors Network Inc. purchased a new position in Invesco NASDAQ Internet ETF during the 1st quarter worth $399,000. Raymond James & Associates lifted 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 worth $4,174,000 after acquiring an additional 8,916 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of Invesco NASDAQ Internet ETF by 27.9% in the first quarter. Avantax Advisory Services Inc. now owns 28,709 shares of the company’s stock valued at $1,145,000 after acquiring an additional 6,258 shares in the last quarter. Finally, Concord Investment Counsel Inc. acquired a new position in shares of Invesco NASDAQ Internet ETF during the first quarter worth about $228,000.

Invesco NASDAQ Internet ETF Stock Up 2.2 %

Shares of NASDAQ:PNQI opened at $45.23 on Thursday. Invesco NASDAQ Internet ETF has a 52 week low of $31.83 and a 52 week high of $45.27. The company has a 50-day moving average price of $42.76 and a 200 day moving average price of $41.06. The company has a market cap of $808.26 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.