Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Sets New 1-Year High at $41.60

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) reached a new 52-week high during trading on Wednesday . The stock traded as high as $41.60 and last traded at $41.58, with a volume of 42036 shares. The stock had previously closed at $41.49.

Invesco NASDAQ Internet ETF Trading Up 0.2 %

The company has a market cap of $790.85 million, a price-to-earnings ratio of 8.95 and a beta of 1.15. The firm’s fifty day simple moving average is $39.93 and its 200 day simple moving average is $38.78.

Hedge Funds Weigh In On Invesco NASDAQ Internet ETF

Large investors have recently bought and sold shares of the company. Principal Securities Inc. purchased a new position in Invesco NASDAQ Internet ETF during the 4th quarter worth $26,000. Sunbelt Securities Inc. raised its position in Invesco NASDAQ Internet ETF by 400.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,100 shares of the company’s stock worth $34,000 after buying an additional 880 shares during the last quarter. Westside Investment Management Inc. raised its position in Invesco NASDAQ Internet ETF by 400.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,300 shares of the company’s stock worth $40,000 after buying an additional 1,040 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Invesco NASDAQ Internet ETF by 400.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,200 shares of the company’s stock worth $68,000 after purchasing an additional 1,760 shares during the period. Finally, Citigroup Inc. grew its stake in shares of Invesco NASDAQ Internet ETF by 400.0% during the 3rd quarter. Citigroup Inc. now owns 2,250 shares of the company’s stock worth $69,000 after purchasing an additional 1,800 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.