Fisher Asset Management LLC Lowers Position in Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Fisher Asset Management LLC trimmed its position in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,007,773 shares of the company’s stock after selling 106,116 shares during the period. Fisher Asset Management LLC owned about 0.11% of Invesco NASDAQ Internet ETF worth $93,743,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Kovack Advisors Inc. raised its holdings in shares of Invesco NASDAQ Internet ETF by 10.5% during the 4th quarter. Kovack Advisors Inc. now owns 12,689 shares of the company’s stock valued at $592,000 after buying an additional 1,204 shares in the last quarter. FourThought Financial Partners LLC purchased a new position in shares of Invesco NASDAQ Internet ETF during the 4th quarter valued at about $1,049,000. Truist Financial Corp raised its holdings in shares of Invesco NASDAQ Internet ETF by 0.3% during the 4th quarter. Truist Financial Corp now owns 73,784 shares of the company’s stock valued at $3,445,000 after buying an additional 228 shares in the last quarter. Hemington Wealth Management raised its holdings in shares of Invesco NASDAQ Internet ETF by 47.3% during the 4th quarter. Hemington Wealth Management now owns 866 shares of the company’s stock valued at $40,000 after buying an additional 278 shares in the last quarter. Finally, Bank Hapoalim BM purchased a new position in shares of Invesco NASDAQ Internet ETF during the 4th quarter valued at about $215,000.

Invesco NASDAQ Internet ETF Trading Up 1.3 %

Shares of NASDAQ PNQI opened at $48.12 on Friday. The stock has a market cap of $856.05 million, a price-to-earnings ratio of 34.78 and a beta of 1.15. Invesco NASDAQ Internet ETF has a 1-year low of $36.00 and a 1-year high of $51.32. The stock’s 50-day moving average is $48.54 and its 200 day moving average is $45.70.

Invesco NASDAQ Internet ETF Company 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.