Royal Bank of Canada Increases Stake in Invesco Dynamic Networking ETF (NYSEARCA:PXQ)

Royal Bank of Canada lifted its stake in shares of Invesco Dynamic Networking ETF (NYSEARCA:PXQ) by 543.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,446 shares of the company’s stock after purchasing an additional 25,717 shares during the quarter. Royal Bank of Canada owned about 2.65% of Invesco Dynamic Networking ETF worth $1,784,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PXQ. Financial Gravity Wealth Inc. purchased a new position in Invesco Dynamic Networking ETF in the 2nd quarter valued at approximately $32,000. NEXT Financial Group Inc bought a new position in Invesco Dynamic Networking ETF in the 2nd quarter valued at $73,000. Ibex Wealth Advisors bought a new position in Invesco Dynamic Networking ETF in the 2nd quarter valued at $83,000. Steward Partners Investment Advisory LLC bought a new position in Invesco Dynamic Networking ETF in the 2nd quarter valued at $153,000. Finally, Oppenheimer & Co. Inc. bought a new position in Invesco Dynamic Networking ETF in the 2nd quarter valued at $213,000.

NYSEARCA:PXQ traded up $0.94 during trading hours on Friday, hitting $59.52. The stock had a trading volume of 4,392 shares, compared to its average volume of 10,270. Invesco Dynamic Networking ETF has a one year low of $45.10 and a one year high of $63.52. The company has a 50 day simple moving average of $56.81 and a two-hundred day simple moving average of $57.89.

Invesco Dynamic Networking ETF Company Profile

PowerShares Dynamic Networking Portfolio (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Networking Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.

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Institutional Ownership by Quarter for Invesco Dynamic Networking ETF (NYSEARCA:PXQ)

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