Bank of Montreal Can Buys Shares of 124,452 Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Bank of Montreal Can bought a new stake in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) in the third quarter, HoldingsChannel reports. The institutional investor bought 124,452 shares of the company’s stock, valued at approximately $5,401,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in Invesco NASDAQ Internet ETF by 0.7% in the third quarter. Raymond James & Associates now owns 102,343 shares of the company’s stock valued at $4,447,000 after acquiring an additional 689 shares during the period. Allworth Financial LP purchased a new position in shares of Invesco NASDAQ Internet ETF in the third quarter valued at $43,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Invesco NASDAQ Internet ETF by 6.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 51,521 shares of the company’s stock valued at $2,115,000 after buying an additional 3,305 shares in the last quarter. Creative Planning increased its position in shares of Invesco NASDAQ Internet ETF by 5.3% in the second quarter. Creative Planning now owns 11,630 shares of the company’s stock valued at $478,000 after buying an additional 583 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Invesco NASDAQ Internet ETF in the second quarter valued at $1,568,000.

Invesco NASDAQ Internet ETF Stock Up 0.4 %

Shares of PNQI stock opened at $47.94 on Wednesday. Invesco NASDAQ Internet ETF has a fifty-two week low of $34.00 and a fifty-two week high of $47.98. The stock has a market cap of $856.69 million, a P/E ratio of 8.95 and a beta of 1.15. The business has a fifty day simple moving average of $44.85 and a 200-day simple moving average of $42.06.

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.