Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Sets New 1-Year High – Here’s What Happened

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) shares hit a new 52-week high during trading on Monday . The company traded as high as $47.27 and last traded at $47.26, with a volume of 9485 shares traded. The stock had previously closed at $46.64.

Invesco NASDAQ Internet ETF Price Performance

The stock has a market capitalization of $847.22 million, a price-to-earnings ratio of 8.95 and a beta of 1.15. The company has a 50-day simple moving average of $44.35 and a two-hundred day simple moving average of $41.79.

Institutional Trading of Invesco NASDAQ Internet ETF

A number of large investors have recently modified their holdings of PNQI. KKM Financial LLC grew its position in Invesco NASDAQ Internet ETF by 4.4% in the 3rd quarter. KKM Financial LLC now owns 7,200 shares of the company’s stock worth $313,000 after purchasing an additional 303 shares during the last quarter. Western Financial Corp CA raised its stake in Invesco NASDAQ Internet ETF by 5.0% during the 2nd quarter. Western Financial Corp CA now owns 8,656 shares of the company’s stock valued at $355,000 after acquiring an additional 413 shares in the last quarter. Creative Planning grew its position in Invesco NASDAQ Internet ETF by 5.3% in the 2nd quarter. Creative Planning now owns 11,630 shares of the company’s stock valued at $478,000 after buying an additional 583 shares in the last quarter. Raymond James & Associates raised its holdings in Invesco NASDAQ Internet ETF by 0.7% during the third quarter. Raymond James & Associates now owns 102,343 shares of the company’s stock worth $4,447,000 after purchasing an additional 689 shares in the last quarter. Finally, Nilsine Partners LLC lifted its position in Invesco NASDAQ Internet ETF by 2.2% in the second quarter. Nilsine Partners LLC now owns 36,820 shares of the company’s stock worth $1,512,000 after purchasing an additional 810 shares during the period.

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.