Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Sets New 52-Week High – Here’s What Happened

Shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) reached a new 52-week high during trading on Thursday . The stock traded as high as $50.82 and last traded at $50.17, with a volume of 105 shares traded. The stock had previously closed at $50.28.

Invesco NASDAQ Internet ETF Stock Performance

The business’s fifty day simple moving average is $48.26 and its 200-day simple moving average is $44.80. The company has a market capitalization of $899.78 million, a P/E ratio of 8.95 and a beta of 1.15.

Institutional Trading of Invesco NASDAQ Internet ETF

A number of institutional investors have recently bought and sold shares of the stock. Harbour Investments Inc. lifted its position in Invesco NASDAQ Internet ETF by 8.6% during the fourth quarter. Harbour Investments Inc. now owns 2,595 shares of the company’s stock valued at $121,000 after acquiring an additional 205 shares during the last quarter. Truist Financial Corp grew its stake in Invesco NASDAQ Internet ETF by 0.3% during the 4th quarter. Truist Financial Corp now owns 73,784 shares of the company’s stock worth $3,445,000 after buying an additional 228 shares during the last quarter. Hemington Wealth Management increased its position in Invesco NASDAQ Internet ETF by 47.3% during the 4th quarter. Hemington Wealth Management now owns 866 shares of the company’s stock valued at $40,000 after buying an additional 278 shares in the last quarter. KKM Financial LLC raised its stake in Invesco NASDAQ Internet ETF by 4.4% in the third quarter. KKM Financial LLC now owns 7,200 shares of the company’s stock valued at $313,000 after buying an additional 303 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Invesco NASDAQ Internet ETF by 2.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 18,314 shares of the company’s stock worth $855,000 after acquiring an additional 460 shares in the last quarter.

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.