Crestone Asset Management LLC Sells 4,065 Shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Crestone Asset Management LLC trimmed its holdings in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 7.3% during the fourth quarter, HoldingsChannel reports. The firm owned 51,664 shares of the company’s stock after selling 4,065 shares during the quarter. Crestone Asset Management LLC’s holdings in Invesco NASDAQ Internet ETF were worth $1,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in PNQI. UBS Group AG boosted its holdings in shares of Invesco NASDAQ Internet ETF by 389.9% in the third quarter. UBS Group AG now owns 621,901 shares of the company’s stock worth $19,080,000 after acquiring an additional 494,949 shares during the period. LPL Financial LLC grew its holdings in Invesco NASDAQ Internet ETF by 479.0% during the 3rd quarter. LPL Financial LLC now owns 366,171 shares of the company’s stock valued at $11,234,000 after buying an additional 302,928 shares in the last quarter. Raymond James & Associates increased its position in shares of Invesco NASDAQ Internet ETF by 124.7% during the fourth quarter. Raymond James & Associates now owns 79,798 shares of the company’s stock valued at $2,878,000 after buying an additional 44,283 shares during the period. Truist Financial Corp purchased a new stake in shares of Invesco NASDAQ Internet ETF in the fourth quarter worth about $2,582,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Invesco NASDAQ Internet ETF by 407.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 54,900 shares of the company’s stock valued at $1,980,000 after acquiring an additional 44,090 shares during the period.

Invesco NASDAQ Internet ETF Stock Performance

NASDAQ PNQI traded down $0.48 on Wednesday, hitting $39.60. The stock had a trading volume of 111,912 shares, compared to its average volume of 133,852. The firm has a 50-day moving average of $39.42 and a 200-day moving average of $36.77. The company has a market capitalization of $753.19 million, a price-to-earnings ratio of 8.72 and a beta of 1.15. Invesco NASDAQ Internet ETF has a 52-week low of $28.07 and a 52-week high of $40.57.

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.