Kovack Advisors Inc. Purchases 1,204 Shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Kovack Advisors Inc. raised its stake in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,689 shares of the company’s stock after acquiring an additional 1,204 shares during the period. Kovack Advisors Inc. owned about 0.07% of Invesco NASDAQ Internet ETF worth $592,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Hemington Wealth Management grew its position in Invesco NASDAQ Internet ETF by 47.3% in the fourth quarter. Hemington Wealth Management now owns 866 shares of the company’s stock valued at $40,000 after acquiring an additional 278 shares during the period. Allworth Financial LP bought a new stake in Invesco NASDAQ Internet ETF in the third quarter valued at $43,000. TruWealth Advisors LLC bought a new stake in Invesco NASDAQ Internet ETF in the fourth quarter valued at $202,000. Bank Hapoalim BM bought a new stake in Invesco NASDAQ Internet ETF in the fourth quarter valued at $215,000. Finally, KKM Financial LLC grew its position in Invesco NASDAQ Internet ETF by 4.4% in the third quarter. KKM Financial LLC now owns 7,200 shares of the company’s stock valued at $313,000 after acquiring an additional 303 shares during the period.

Invesco NASDAQ Internet ETF Price Performance

Shares of NASDAQ:PNQI opened at $48.12 on Friday. The business’s fifty day moving average price is $48.54 and its two-hundred day moving average price is $45.66. Invesco NASDAQ Internet ETF has a fifty-two week low of $36.00 and a fifty-two week high of $51.32. The stock has a market capitalization of $856.05 million, a price-to-earnings ratio of 34.78 and a beta of 1.15.

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.