Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Hits New 12-Month High – Here’s What Happened

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) hit a new 52-week high on Wednesday . The stock traded as high as $51.32 and last traded at $51.01, with a volume of 64410 shares traded. The stock had previously closed at $51.15.

Invesco NASDAQ Internet ETF Price Performance

The firm has a market capitalization of $903.23 million, a PE ratio of 34.78 and a beta of 1.16. The business has a 50-day simple moving average of $48.49 and a 200-day simple moving average of $45.24.

Institutional Trading of Invesco NASDAQ Internet ETF

A number of institutional investors have recently bought and sold shares of PNQI. Lee Danner & Bass Inc. purchased a new position in shares of Invesco NASDAQ Internet ETF during the 4th quarter worth about $40,000. Hemington Wealth Management boosted its position in shares of Invesco NASDAQ Internet ETF by 47.3% during the fourth quarter. Hemington Wealth Management now owns 866 shares of the company’s stock valued at $40,000 after buying an additional 278 shares during the period. Allworth Financial LP bought a new position in shares of Invesco NASDAQ Internet ETF during the third quarter valued at approximately $43,000. Harbour Investments Inc. lifted its stake in shares of Invesco NASDAQ Internet ETF by 8.6% during the 4th quarter. Harbour Investments Inc. now owns 2,595 shares of the company’s stock worth $121,000 after acquiring an additional 205 shares during the last quarter. Finally, WMG Financial Advisors LLC purchased a new position in Invesco NASDAQ Internet ETF during the 4th quarter valued at $201,000.

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.