Onyx Bridge Wealth Group LLC Sells 590 Shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI)

Onyx Bridge Wealth Group LLC reduced its stake in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,139 shares of the company’s stock after selling 590 shares during the period. Onyx Bridge Wealth Group LLC owned about 0.07% of Invesco NASDAQ Internet ETF worth $613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. HighTower Advisors LLC grew its stake in shares of Invesco NASDAQ Internet ETF by 0.8% during the third quarter. HighTower Advisors LLC now owns 576,258 shares of the company’s stock worth $25,050,000 after buying an additional 4,833 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Invesco NASDAQ Internet ETF by 39.0% during the 3rd quarter. Jane Street Group LLC now owns 373,571 shares of the company’s stock valued at $16,232,000 after acquiring an additional 104,872 shares in the last quarter. Bank of Montreal Can bought a new stake in Invesco NASDAQ Internet ETF during the 3rd quarter worth $5,401,000. Raymond James & Associates increased its holdings in Invesco NASDAQ Internet ETF by 0.7% in the 3rd quarter. Raymond James & Associates now owns 102,343 shares of the company’s stock worth $4,447,000 after purchasing an additional 689 shares in the last quarter. Finally, Grant GrossMendelsohn LLC bought a new position in Invesco NASDAQ Internet ETF in the fourth quarter valued at about $3,151,000.

Invesco NASDAQ Internet ETF Trading Down 1.1 %

NASDAQ:PNQI opened at $49.63 on Thursday. The stock’s 50-day moving average is $48.01 and its 200-day moving average is $44.42. The stock has a market cap of $907.24 million, a P/E ratio of 8.95 and a beta of 1.15. Invesco NASDAQ Internet ETF has a 1-year low of $36.00 and a 1-year high of $50.38.

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.