Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Reaches New 12-Month High – What’s Next?

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) shares hit a new 52-week high on Tuesday . The stock traded as high as $44.30 and last traded at $44.25, with a volume of 9458 shares traded. The stock had previously closed at $44.02.

Invesco NASDAQ Internet ETF Trading Down 2.2 %

The firm has a 50-day simple moving average of $42.47 and a two-hundred day simple moving average of $40.86. The company has a market capitalization of $801.90 million, a price-to-earnings ratio of 8.95 and a beta of 1.15.

Institutional Investors Weigh In On Invesco NASDAQ Internet ETF

Hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its stake in shares of Invesco NASDAQ Internet ETF by 16.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 33,066 shares of the company’s stock worth $1,319,000 after acquiring an additional 4,681 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Invesco NASDAQ Internet ETF by 53.0% in the 1st quarter. GSA Capital Partners LLP now owns 16,382 shares of the company’s stock valued at $653,000 after buying an additional 5,672 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Invesco NASDAQ Internet ETF in the 1st quarter valued at about $202,000. Avantax Advisory Services Inc. lifted its stake in Invesco NASDAQ Internet ETF by 27.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 28,709 shares of the company’s stock valued at $1,145,000 after buying an additional 6,258 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Invesco NASDAQ Internet ETF by 6.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 51,521 shares of the company’s stock valued at $2,115,000 after buying an additional 3,305 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.