Schnieders Capital Management LLC Sells 375 Shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Schnieders Capital Management LLC reduced its position in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,560 shares of the company’s stock after selling 375 shares during the quarter. Schnieders Capital Management LLC’s holdings in Invesco NASDAQ Internet ETF were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Freedom LLC raised its holdings in Invesco NASDAQ Internet ETF by 400.0% during the 3rd quarter. Financial Freedom LLC now owns 1,100 shares of the company’s stock worth $34,000 after purchasing an additional 880 shares during the last quarter. Sunbelt Securities Inc. grew its position in shares of Invesco NASDAQ Internet ETF by 400.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,100 shares of the company’s stock worth $34,000 after buying an additional 880 shares during the period. Westside Investment Management Inc. grew its position in shares of Invesco NASDAQ Internet ETF by 400.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,300 shares of the company’s stock worth $40,000 after buying an additional 1,040 shares during the period. Sandy Spring Bank grew its position in shares of Invesco NASDAQ Internet ETF by 400.0% during the 3rd quarter. Sandy Spring Bank now owns 1,500 shares of the company’s stock worth $46,000 after buying an additional 1,200 shares during the period. Finally, Annapolis Financial Services LLC grew its position in shares of Invesco NASDAQ Internet ETF by 400.0% during the 3rd quarter. Annapolis Financial Services LLC now owns 1,800 shares of the company’s stock worth $55,000 after buying an additional 1,440 shares during the period.

Invesco NASDAQ Internet ETF Price Performance

Shares of Invesco NASDAQ Internet ETF stock traded down $0.16 during trading on Wednesday, hitting $38.77. 48,749 shares of the company were exchanged, compared to its average volume of 142,089. The firm has a market capitalization of $739.73 million, a P/E ratio of 8.95 and a beta of 1.15. Invesco NASDAQ Internet ETF has a 1-year low of $26.77 and a 1-year high of $40.57. The firm’s fifty day moving average price is $39.37 and its 200 day moving average price is $36.20.

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.