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

Invesco NASDAQ Internet ETF (NASDAQ:PNQI)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $49.62 and last traded at $49.56, with a volume of 21951 shares traded. The stock had previously closed at $48.74.

Invesco NASDAQ Internet ETF Trading Up 0.5 %

The stock has a market capitalization of $901.19 million, a P/E ratio of 8.95 and a beta of 1.15. The company has a fifty day simple moving average of $47.78 and a two-hundred day simple moving average of $44.15.

Institutional Trading of Invesco NASDAQ Internet ETF

A number of large investors have recently bought and sold shares of PNQI. Creative Planning increased its stake in Invesco NASDAQ Internet ETF by 5.3% during the 2nd quarter. Creative Planning now owns 11,630 shares of the company’s stock worth $478,000 after purchasing an additional 583 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Invesco NASDAQ Internet ETF during the 2nd quarter worth approximately $1,568,000. SeaCrest Wealth Management LLC increased its stake in Invesco NASDAQ Internet ETF by 8.7% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 21,179 shares of the company’s stock worth $920,000 after purchasing an additional 1,699 shares in the last quarter. Raymond James & Associates increased its stake in Invesco NASDAQ Internet ETF by 0.7% during the 3rd quarter. Raymond James & Associates now owns 102,343 shares of the company’s stock worth $4,447,000 after purchasing an additional 689 shares in the last quarter. Finally, Allworth Financial LP bought a new stake in Invesco NASDAQ Internet ETF during the 3rd quarter worth approximately $43,000.

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.