Invesco NASDAQ Internet ETF $PNQI Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC lowered its stake in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 35.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,634 shares of the company’s stock after selling 20,915 shares during the quarter. Parallel Advisors LLC’s holdings in Invesco NASDAQ Internet ETF were worth $1,960,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PNQI. Allworth Financial LP raised its stake in Invesco NASDAQ Internet ETF by 14.8% during the 2nd quarter. Allworth Financial LP now owns 1,668 shares of the company’s stock valued at $76,000 after acquiring an additional 215 shares during the last quarter. Tsfg LLC acquired a new stake in Invesco NASDAQ Internet ETF during the 2nd quarter worth approximately $56,000. Kestra Advisory Services LLC grew its stake in shares of Invesco NASDAQ Internet ETF by 31.9% in the 1st quarter. Kestra Advisory Services LLC now owns 5,307 shares of the company’s stock valued at $237,000 after purchasing an additional 1,283 shares during the last quarter. Triumph Capital Management purchased a new position in shares of Invesco NASDAQ Internet ETF in the 2nd quarter valued at approximately $81,000. Finally, Gill Capital Partners LLC purchased a new position in shares of Invesco NASDAQ Internet ETF in the 2nd quarter valued at approximately $98,000.

Invesco NASDAQ Internet ETF Trading Up 1.8%

NASDAQ:PNQI opened at $50.90 on Tuesday. The firm has a market cap of $528.85 million, a P/E ratio of 24.04 and a beta of 1.27. The stock’s 50 day simple moving average is $51.38 and its 200-day simple moving average is $48.91. Invesco NASDAQ Internet ETF has a 12-month low of $42.80 and a 12-month high of $55.29.

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.