Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Shares Up 0.3% – Here’s What Happened

Shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) were up 0.3% on Tuesday . The company traded as high as $46.94 and last traded at $46.86. 28,177 shares changed hands during trading, a decline of 65% from the average daily volume of 79,909 shares. The stock had previously closed at $46.72.

Invesco NASDAQ Internet ETF Stock Performance

The firm has a market cap of $531.07 million, a price-to-earnings ratio of 30.49 and a beta of 1.24. The business has a fifty day simple moving average of $47.90 and a 200-day simple moving average of $49.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PNQI. Global Retirement Partners LLC bought a new position in shares of Invesco NASDAQ Internet ETF during the fourth quarter valued at $40,000. Huntington National Bank bought a new position in Invesco NASDAQ Internet ETF during the third quarter worth $56,000. Advisory Services Network LLC bought a new position in shares of Invesco NASDAQ Internet ETF in the 3rd quarter worth about $73,000. Allworth Financial LP lifted its stake in Invesco NASDAQ Internet ETF by 39.3% in the third quarter. Allworth Financial LP now owns 1,393 shares of the company’s stock valued at $78,000 after buying an additional 393 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position 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 valued at $132,000 after acquiring an additional 1,628 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.