Shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI – Get Free Report) saw unusually-strong trading volume on Tuesday . 145,116 shares were traded during trading, an increase of 94% from the previous session’s volume of 74,846 shares.The stock last traded at $48.18 and had previously closed at $48.61.
Invesco NASDAQ Internet ETF Trading Down 2.1%
The stock has a 50-day simple moving average of $47.35 and a 200-day simple moving average of $48.04. The company has a market cap of $510.34 million, a price-to-earnings ratio of 30.49 and a beta of 1.24.
Institutional Investors Weigh In On Invesco NASDAQ Internet ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in Invesco NASDAQ Internet ETF in the 1st quarter valued at about $371,000. NewEdge Advisors LLC raised its position in shares of Invesco NASDAQ Internet ETF by 178.6% during the 2nd quarter. NewEdge Advisors LLC now owns 5,920 shares of the company’s stock worth $309,000 after buying an additional 3,795 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of Invesco NASDAQ Internet ETF by 0.8% in the 2nd quarter. Raymond James Financial Inc. now owns 165,485 shares of the company’s stock worth $8,640,000 after acquiring an additional 1,305 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Invesco NASDAQ Internet ETF by 11.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 39,225 shares of the company’s stock worth $2,048,000 after acquiring an additional 4,076 shares during the period. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Invesco NASDAQ Internet ETF by 22.3% in the second quarter. Benjamin Edwards Inc. now owns 19,368 shares of the company’s stock valued at $1,011,000 after acquiring an additional 3,528 shares in the last quarter.
Invesco NASDAQ Internet ETF Company Profile
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.
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