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

Invesco NASDAQ Internet ETF (NASDAQ:PNQI)’s share price hit a new 52-week high on Thursday . The company traded as high as $43.73 and last traded at $43.61, with a volume of 13677 shares. The stock had previously closed at $43.65.

Invesco NASDAQ Internet ETF Trading Up 1.1 %

The company’s fifty day moving average is $41.37 and its 200-day moving average is $40.50. The firm has a market capitalization of $814.18 million, a P/E ratio of 8.95 and a beta of 1.15.

Hedge Funds Weigh In On Invesco NASDAQ Internet ETF

A number of institutional investors have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. bought a new position in Invesco NASDAQ Internet ETF during the fourth quarter worth $125,000. Janney Montgomery Scott LLC acquired a new position in shares of Invesco NASDAQ Internet ETF during the first quarter valued at about $202,000. Concord Investment Counsel Inc. bought a new stake in shares of Invesco NASDAQ Internet ETF in the first quarter valued at about $228,000. SageView Advisory Group LLC acquired a new stake in Invesco NASDAQ Internet ETF during the fourth quarter worth about $238,000. Finally, PVG Asset Management Corp bought a new position in Invesco NASDAQ Internet ETF during the fourth quarter valued at about $252,000.

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.