According to the most recent statement UBS Group AG filed with the Securities and Exchange Commission, the number of shares it owns of the Invesco NASDAQ Internet ETF (NASDAQ:PNQI) rose 52.7% in the third quarter. Following the acquisition of a further 39,339 shares during the period, the total number of shares in the above company held by the Fund is now 113,943.
At the end of the last reporting period, UBS Group AG owned the Invesco NASDAQ Internet ETF with a total market value of US$12,962,000.
This accounted for about 3.07% of the company as a whole.
Several hedge funds have recently made a number of reallocations in their positions in the company in response to recent developments.
In the third quarter, IMC Chicago LLC increased its Invesco NASDAQ Internet ETF holdings by 25.3%, a growth of a quarter.
During the past quarter, IMC Chicago LLC increased its shareholding by purchasing an additional 4,457 shares.
This brings the total number of shares in the company to 22,081 with an estimated market value of $2,512,000. First Republic Investment Management INC increased the proportion of the Invesco NASDAQ Internet ETF in its portfolio by 107.1% in the third quarter. First Republic Investment Management INC now holds 44,942 shares of the Company, acquired through the purchase of an additional 23,243 shares during the period.
The stock is currently valued at $5,130,000.
Investment firm Prudent Investors Network INC increased its stake in the Invesco NASDAQ Internet ETF by investing approximately $228,000 in the transaction during the third quarter.
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Edwards & Company, INC increased its percentage of holdings in the Invesco NASDAQ Internet ETF by 721.8% during the third quarter.
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Edwards & Company INC now has a total of 1,397 shares worth $159,000 after purchasing an additional 1,227 shares during the quarter.
These shares were purchased as part of the company’s stock purchase program.
Activist Wealth Management spent approximately $387,000 on an investment related to the company’s new holding in the Invesco NASDAQ Internet ETF in the third quarter.
This brings us to the last point that we will discuss.
The first day of trading for NASDAQ:PNQI was Thursday and the opening price was $130.45.
Accordingly, the company’s 50-day simple moving average is $125.30 and its 200-day simple moving average is $123.03.
The Invesco NASDAQ Internet ETF hit a price low of $105.61 in the last 52 weeks while it hit a price high of $176.37 in the same period.
