Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Shares Down 1.6% – Here’s What Happened

Invesco NASDAQ Internet ETF (NASDAQ:PNQI)’s share price fell 1.6% during mid-day trading on Friday . The stock traded as low as $45.98 and last traded at $46.33. 50,145 shares were traded during mid-day trading, a decline of 12% from the average session volume of 57,191 shares. The stock had previously closed at $47.09.

Invesco NASDAQ Internet ETF Stock Down 1.6 %

The firm has a fifty day moving average price of $47.22 and a two-hundred day moving average price of $43.58. The stock has a market capitalization of $828.38 million, a P/E ratio of 8.95 and a beta of 1.15.

Institutional Investors Weigh In On Invesco NASDAQ Internet ETF

Several institutional investors have recently modified their holdings of the business. 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 period. Creative Planning boosted its stake in shares of Invesco NASDAQ Internet ETF by 5.3% in the 2nd quarter. Creative Planning now owns 11,630 shares of the company’s stock worth $478,000 after buying an additional 583 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Invesco NASDAQ Internet ETF by 0.7% in the third quarter. Raymond James & Associates now owns 102,343 shares of the company’s stock worth $4,447,000 after acquiring an additional 689 shares during the period. Allworth Financial LP purchased a new stake in Invesco NASDAQ Internet ETF during the third quarter valued at $43,000. Finally, JPMorgan Chase & Co. lifted its holdings in Invesco NASDAQ Internet ETF by 29.2% in the third quarter. JPMorgan Chase & Co. now owns 7,430 shares of the company’s stock valued at $323,000 after acquiring an additional 1,680 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.