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

Shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) saw unusually-high trading volume on Tuesday. 193,789 shares changed hands during mid-day trading, an increase of 210% from the average daily volume of 62,481 shares. The stock last traded at $50.31 and had previously closed at $50.90.

Invesco NASDAQ Internet ETF Stock Down 1.1%

The firm’s 50 day moving average is $51.38 and its 200 day moving average is $48.91. The firm has a market capitalization of $523.27 million, a price-to-earnings ratio of 24.04 and a beta of 1.27.

Hedge Funds Weigh In On Invesco NASDAQ Internet ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Fisher Asset Management LLC purchased a new stake in shares of Invesco NASDAQ Internet ETF during the third quarter worth $74,109,000. TD Waterhouse Canada Inc. bought a new stake in shares of Invesco NASDAQ Internet ETF in the second quarter valued at approximately $3,512,000. Cetera Investment Advisers raised its stake in Invesco NASDAQ Internet ETF by 11.9% during the 1st quarter. Cetera Investment Advisers now owns 40,165 shares of the company’s stock valued at $1,797,000 after purchasing an additional 4,262 shares during the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of Invesco NASDAQ Internet ETF by 13.8% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 26,492 shares of the company’s stock worth $1,344,000 after purchasing an additional 3,214 shares during the period. Finally, Citadel Advisors LLC bought a new position in Invesco NASDAQ Internet ETF during the second quarter valued at about $1,130,000.

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.