Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Sees Strong Trading Volume – Should You Buy?

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) saw an uptick in trading volume on Monday . 78,226 shares changed hands during mid-day trading, an increase of 55% from the previous session’s volume of 50,341 shares.The stock last traded at $52.3520 and had previously closed at $52.12.

Invesco NASDAQ Internet ETF Stock Performance

The firm has a market capitalization of $754.95 million, a PE ratio of 30.49 and a beta of 1.21. The firm has a fifty day moving average of $53.59 and a 200 day moving average of $54.13.

Hedge Funds Weigh In On Invesco NASDAQ Internet ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PNQI. Ameritas Advisory Services LLC acquired a new stake in shares of Invesco NASDAQ Internet ETF during the second quarter worth approximately $34,000. Huntington National Bank bought a new stake in shares of Invesco NASDAQ Internet ETF in the 3rd quarter worth approximately $56,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Invesco NASDAQ Internet ETF during the third quarter worth about $61,000. Advisory Services Network LLC bought a new stake in shares of Invesco NASDAQ Internet ETF during the third quarter valued at approximately $73,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Invesco NASDAQ Internet ETF in the second quarter worth $78,000.

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.