Hennion & Walsh Asset Management Inc. Sells 375 Shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Hennion & Walsh Asset Management Inc. lowered its position in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,770 shares of the company’s stock after selling 375 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.06% of Invesco NASDAQ Internet ETF worth $467,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PNQI. Janney Montgomery Scott LLC purchased a new position in Invesco NASDAQ Internet ETF during the 1st quarter valued at about $202,000. Concord Investment Counsel Inc. purchased a new position in shares of Invesco NASDAQ Internet ETF during the first quarter valued at approximately $228,000. Western Financial Corp CA boosted its position in shares of Invesco NASDAQ Internet ETF by 5.0% in the 2nd quarter. Western Financial Corp CA now owns 8,656 shares of the company’s stock worth $355,000 after purchasing an additional 413 shares in the last quarter. Prudent Investors Network Inc. purchased a new stake in shares of Invesco NASDAQ Internet ETF in the 1st quarter worth approximately $399,000. Finally, Ironwood Investment Counsel LLC grew its stake in shares of Invesco NASDAQ Internet ETF by 8.1% in the 1st quarter. Ironwood Investment Counsel LLC now owns 10,673 shares of the company’s stock worth $426,000 after buying an additional 803 shares during the last quarter.

Invesco NASDAQ Internet ETF Trading Up 0.9 %

Shares of NASDAQ:PNQI opened at $44.02 on Tuesday. The stock has a fifty day simple moving average of $42.30 and a two-hundred day simple moving average of $40.78. Invesco NASDAQ Internet ETF has a 12-month low of $29.48 and a 12-month high of $44.30. The stock has a market capitalization of $812.61 million, a price-to-earnings 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.