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

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

Invesco NASDAQ Internet ETF Stock Up 0.2 %

The stock has a 50-day simple moving average of $39.93 and a 200-day simple moving average of $38.78. The firm has a market capitalization of $790.85 million, a PE ratio of 8.95 and a beta of 1.15.

Hedge Funds Weigh In On Invesco NASDAQ Internet ETF

A number of large investors have recently made changes to their positions in the stock. UBS Group AG boosted its holdings in shares of Invesco NASDAQ Internet ETF by 44.5% in the fourth quarter. UBS Group AG now owns 898,893 shares of the company’s stock worth $32,423,000 after acquiring an additional 276,992 shares during the period. Wells Fargo & Company MN boosted its stake in Invesco NASDAQ Internet ETF by 40.9% during the fourth quarter. Wells Fargo & Company MN now owns 193,655 shares of the company’s stock valued at $6,985,000 after buying an additional 56,211 shares during the period. Raymond James & Associates boosted its stake in Invesco NASDAQ Internet ETF by 124.7% during the fourth quarter. Raymond James & Associates now owns 79,798 shares of the company’s stock valued at $2,878,000 after buying an additional 44,283 shares during the period. Truist Financial Corp purchased a new stake in Invesco NASDAQ Internet ETF during the fourth quarter valued at about $2,582,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Invesco NASDAQ Internet ETF by 407.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 54,900 shares of the company’s stock valued at $1,980,000 after purchasing an additional 44,090 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.