Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Sees Strong Trading Volume – Here’s What Happened

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) shares saw unusually-high trading volume on Tuesday . Approximately 159,149 shares changed hands during mid-day trading, an increase of 175% from the previous session’s volume of 57,770 shares.The stock last traded at $47.46 and had previously closed at $47.48.

Invesco NASDAQ Internet ETF Trading Up 0.8 %

The firm’s fifty day moving average price is $47.49 and its 200 day moving average price is $43.90. The stock has a market capitalization of $867.18 million, a price-to-earnings ratio of 8.95 and a beta of 1.15.

Institutional Investors Weigh In On Invesco NASDAQ Internet ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Joseph P. Lucia & Associates LLC lifted its holdings in Invesco NASDAQ Internet ETF by 5.8% during the 4th quarter. Joseph P. Lucia & Associates LLC now owns 22,968 shares of the company’s stock worth $1,072,000 after buying an additional 1,259 shares in the last quarter. Carr Financial Group Corp increased its position in shares of Invesco NASDAQ Internet ETF by 14.3% in the 4th quarter. Carr Financial Group Corp now owns 15,680 shares of the company’s stock valued at $732,000 after purchasing an additional 1,965 shares during the last quarter. TruWealth Advisors LLC purchased a new position in shares of Invesco NASDAQ Internet ETF in the 4th quarter valued at $202,000. Grant GrossMendelsohn LLC purchased a new position in shares of Invesco NASDAQ Internet ETF in the 4th quarter valued at $3,151,000. Finally, SeaCrest Wealth Management LLC boosted its stake in Invesco NASDAQ Internet ETF by 8.2% during the 4th quarter. SeaCrest Wealth Management LLC now owns 22,918 shares of the company’s stock worth $1,070,000 after purchasing an additional 1,739 shares during the period.

About Invesco NASDAQ Internet ETF

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.