Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Sees Large Volume Increase – What’s Next?

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) saw unusually-high trading volume on Wednesday . Approximately 98,027 shares were traded during mid-day trading, an increase of 30% from the previous session’s volume of 75,156 shares.The stock last traded at $48.73 and had previously closed at $48.77.

Invesco NASDAQ Internet ETF Price Performance

The company has a market capitalization of $527.03 million, a price-to-earnings ratio of 30.49 and a beta of 1.24. The firm’s 50-day simple moving average is $47.27 and its two-hundred day simple moving average is $47.84.

Institutional Investors Weigh In On Invesco NASDAQ Internet ETF

A number of large investors have recently added to or reduced their stakes in PNQI. Global Retirement Partners LLC acquired a new position in Invesco NASDAQ Internet ETF during the fourth quarter worth about $40,000. Advisory Services Network LLC purchased a new position in shares of Invesco NASDAQ Internet ETF during the 3rd quarter worth approximately $73,000. O Shaughnessy Asset Management LLC increased its stake in shares of Invesco NASDAQ Internet ETF by 198.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,449 shares of the company’s stock worth $132,000 after purchasing an additional 1,628 shares in the last quarter. Equitable Trust Co. acquired a new position in shares of Invesco NASDAQ Internet ETF during the 1st quarter worth approximately $203,000. Finally, RCW Management LLC purchased a new stake in Invesco NASDAQ Internet ETF in the 4th quarter valued at approximately $237,000.

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.