Parallel Advisors LLC Has $3.86 Million Stock Holdings in Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Parallel Advisors LLC trimmed its holdings in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 3.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,013 shares of the company’s stock after selling 3,675 shares during the quarter. Parallel Advisors LLC’s holdings in Invesco NASDAQ Internet ETF were worth $3,860,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PNQI. Principal Securities Inc. acquired a new stake in shares of Invesco NASDAQ Internet ETF in the fourth quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Invesco NASDAQ Internet ETF during the fourth quarter worth $125,000. Janney Montgomery Scott LLC acquired a new position in shares of Invesco NASDAQ Internet ETF during the first quarter valued at $202,000. Concord Investment Counsel Inc. bought a new position in Invesco NASDAQ Internet ETF in the first quarter valued at about $228,000. Finally, SageView Advisory Group LLC acquired a new stake in Invesco NASDAQ Internet ETF in the fourth quarter worth about $238,000.

Invesco NASDAQ Internet ETF Stock Performance

PNQI opened at $41.27 on Friday. Invesco NASDAQ Internet ETF has a 52 week low of $28.84 and a 52 week high of $42.23. The company has a fifty day moving average price of $40.43 and a two-hundred day moving average price of $40.03. The firm has a market capitalization of $776.70 million, a PE 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.