Newbridge Financial Services Group Inc. Buys New Shares in Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Newbridge Financial Services Group Inc. acquired a new position in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,455 shares of the company’s stock, valued at approximately $125,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. bought a new position in Invesco NASDAQ Internet ETF during the fourth quarter worth $26,000. Sunbelt Securities Inc. boosted its position in shares of Invesco NASDAQ Internet ETF by 400.0% in the third quarter. Sunbelt Securities Inc. now owns 1,100 shares of the company’s stock valued at $34,000 after acquiring an additional 880 shares during the period. Westside Investment Management Inc. lifted its position in Invesco NASDAQ Internet ETF by 400.0% during the third quarter. Westside Investment Management Inc. now owns 1,300 shares of the company’s stock valued at $40,000 after purchasing an additional 1,040 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Invesco NASDAQ Internet ETF by 400.0% during the third quarter. PNC Financial Services Group Inc. now owns 2,200 shares of the company’s stock worth $68,000 after acquiring an additional 1,760 shares in the last quarter. Finally, Citigroup Inc. increased its stake in shares of Invesco NASDAQ Internet ETF by 400.0% in the third quarter. Citigroup Inc. now owns 2,250 shares of the company’s stock worth $69,000 after buying an additional 1,800 shares during the period.

Invesco NASDAQ Internet ETF Stock Down 0.2 %

Shares of PNQI stock traded down $0.09 during mid-day trading on Tuesday, reaching $40.64. 4,596 shares of the company’s stock traded hands, compared to its average volume of 115,218. The company has a market cap of $772.97 million, a P/E ratio of 8.95 and a beta of 1.15. The company’s 50-day moving average price is $39.53 and its 200-day moving average price is $38.31. Invesco NASDAQ Internet ETF has a 12 month low of $28.84 and a 12 month high of $40.94.

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.