Grant GrossMendelsohn LLC Makes New Investment in Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Grant GrossMendelsohn LLC acquired a new stake in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 67,491 shares of the company’s stock, valued at approximately $3,151,000. Invesco NASDAQ Internet ETF makes up about 1.6% of Grant GrossMendelsohn LLC’s portfolio, making the stock its 18th largest position. Grant GrossMendelsohn LLC owned approximately 0.38% of Invesco NASDAQ Internet ETF at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can acquired a new stake in Invesco NASDAQ Internet ETF during the third quarter valued at approximately $5,401,000. Jane Street Group LLC lifted its stake in Invesco NASDAQ Internet ETF by 39.0% during the third quarter. Jane Street Group LLC now owns 373,571 shares of the company’s stock valued at $16,232,000 after buying an additional 104,872 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Invesco NASDAQ Internet ETF in the second quarter worth about $1,568,000. Pallas Capital Advisors LLC acquired a new stake in shares of Invesco NASDAQ Internet ETF during the fourth quarter valued at approximately $774,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Invesco NASDAQ Internet ETF in the 3rd quarter valued at approximately $687,000.

Invesco NASDAQ Internet ETF Price Performance

NASDAQ PNQI opened at $47.48 on Friday. The firm has a market capitalization of $848.94 million, a price-to-earnings ratio of 8.95 and a beta of 1.15. The company has a 50 day simple moving average of $47.42 and a 200-day simple moving average of $43.76. Invesco NASDAQ Internet ETF has a 52-week low of $35.71 and a 52-week high of $49.61.

Invesco NASDAQ Internet ETF 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.