SeaCrest Wealth Management LLC Raises Stock Position in Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

SeaCrest Wealth Management LLC lifted its stake in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 55.5% during the first quarter, HoldingsChannel.com reports. The fund owned 16,618 shares of the company’s stock after buying an additional 5,932 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Invesco NASDAQ Internet ETF were worth $663,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Newbridge Financial Services Group Inc. purchased a new position in shares of Invesco NASDAQ Internet ETF during the fourth quarter worth approximately $125,000. PVG Asset Management Corp purchased a new position in shares of Invesco NASDAQ Internet ETF during the fourth quarter worth approximately $252,000. SageView Advisory Group LLC purchased a new position in shares of Invesco NASDAQ Internet ETF during the fourth quarter worth approximately $238,000. Hirtle Callaghan & Co LLC purchased a new position in shares of Invesco NASDAQ Internet ETF during the fourth quarter worth approximately $310,000. Finally, Jones Financial Companies Lllp purchased a new position in shares of Invesco NASDAQ Internet ETF during the fourth quarter worth approximately $295,000.

Invesco NASDAQ Internet ETF Stock Up 0.2 %

Shares of PNQI stock opened at $41.58 on Thursday. The firm has a market cap of $790.85 million, a price-to-earnings ratio of 8.95 and a beta of 1.15. The company’s 50 day moving average is $39.98 and its 200 day moving average is $38.80. Invesco NASDAQ Internet ETF has a 52-week low of $28.84 and a 52-week high of $41.63.

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.