Avantax Advisory Services Inc. Reduces Holdings in Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Avantax Advisory Services Inc. decreased its position in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,249 shares of the company’s stock after selling 1,536 shares during the period. Avantax Advisory Services Inc. owned 0.16% of Invesco NASDAQ Internet ETF worth $1,319,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its position in shares of Invesco NASDAQ Internet ETF by 1.3% during the fourth quarter. HighTower Advisors LLC now owns 583,798 shares of the company’s stock valued at $27,258,000 after buying an additional 7,540 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Invesco NASDAQ Internet ETF during the fourth quarter valued at approximately $7,875,000. WMG Financial Advisors LLC bought a new stake in shares of Invesco NASDAQ Internet ETF during the fourth quarter valued at approximately $201,000. Jones Financial Companies Lllp raised its position in shares of Invesco NASDAQ Internet ETF by 15.7% during the fourth quarter. Jones Financial Companies Lllp now owns 19,211 shares of the company’s stock valued at $897,000 after buying an additional 2,608 shares during the last quarter. Finally, Kovack Advisors Inc. raised its position in shares of Invesco NASDAQ Internet ETF by 10.5% during the fourth 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 during the last quarter.

Invesco NASDAQ Internet ETF Price Performance

Invesco NASDAQ Internet ETF stock opened at $44.62 on Wednesday. The stock has a market cap of $793.79 million, a P/E ratio of 29.10 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 firm’s 50 day moving average price is $48.14 and its 200-day moving average price is $46.13.

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.