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

Royal Bank of Canada decreased its holdings in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 75.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 52,012 shares of the company’s stock after selling 163,563 shares during the period. Royal Bank of Canada’s holdings in Invesco NASDAQ Internet ETF were worth $2,327,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco NASDAQ Internet ETF by 797.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 76,907 shares of the company’s stock valued at $4,149,000 after purchasing an additional 68,339 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of Invesco NASDAQ Internet ETF by 69.9% in the fourth quarter. Benjamin Edwards Inc. now owns 32,957 shares of the company’s stock worth $1,778,000 after buying an additional 13,555 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Invesco NASDAQ Internet ETF by 26.8% in the third quarter. Ameriprise Financial Inc. now owns 49,744 shares of the company’s stock valued at $2,777,000 after buying an additional 10,519 shares in the last quarter. Odyssey Capital Advisors Inc. acquired a new stake in shares of Invesco NASDAQ Internet ETF in the fourth quarter valued at about $554,000. Finally, Lido Advisors LLC raised its holdings in shares of Invesco NASDAQ Internet ETF by 78.8% during the 3rd quarter. Lido Advisors LLC now owns 19,911 shares of the company’s stock valued at $1,112,000 after buying an additional 8,778 shares during the period.

Invesco NASDAQ Internet ETF Stock Performance

Invesco NASDAQ Internet ETF stock opened at $50.68 on Tuesday. The firm has a market capitalization of $539.74 million, a PE ratio of 30.49 and a beta of 1.23. Invesco NASDAQ Internet ETF has a one year low of $42.80 and a one year high of $57.22. The stock’s 50 day moving average price is $47.94 and its 200 day moving average price is $47.65.

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.