Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Sees Unusually-High Trading Volume – What’s Next?

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) shares saw an uptick in trading volume on Thursday . 138,321 shares changed hands during mid-day trading, an increase of 35% from the previous session’s volume of 102,354 shares.The stock last traded at $49.93 and had previously closed at $49.66.

Invesco NASDAQ Internet ETF Stock Down 0.4 %

The company has a 50-day moving average of $47.85 and a 200 day moving average of $44.19. The stock has a market capitalization of $897.94 million, a PE ratio of 8.95 and a beta of 1.15.

Institutional Trading of Invesco NASDAQ Internet ETF

Large investors have recently bought and sold shares of the business. Truist Financial Corp boosted its holdings in shares of 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 purchasing an additional 228 shares during the last quarter. Hemington Wealth Management boosted its stake in Invesco NASDAQ Internet ETF by 47.3% during the fourth quarter. Hemington Wealth Management now owns 866 shares of the company’s stock worth $40,000 after buying an additional 278 shares during the last quarter. KKM Financial LLC grew its holdings in Invesco NASDAQ Internet ETF by 4.4% in the 3rd quarter. KKM Financial LLC now owns 7,200 shares of the company’s stock valued at $313,000 after buying an additional 303 shares in the last quarter. Creative Planning increased its stake in shares of Invesco NASDAQ Internet ETF by 5.3% in the 2nd quarter. Creative Planning now owns 11,630 shares of the company’s stock worth $478,000 after acquiring an additional 583 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of 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 acquiring an additional 689 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.