Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Hits New 1-Year High – Time to Buy?

Invesco NASDAQ Internet ETF (NASDAQ:PNQI)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $50.82 and last traded at $50.17, with a volume of 105 shares traded. The stock had previously closed at $50.28.

Invesco NASDAQ Internet ETF Trading Up 0.5 %

The business has a 50 day moving average of $48.31 and a 200-day moving average of $44.84. The stock has a market cap of $909.96 million, a PE ratio of 8.95 and a beta of 1.15.

Institutional Trading of Invesco NASDAQ Internet ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hemington Wealth Management raised its stake in Invesco NASDAQ Internet ETF by 47.3% in the 4th quarter. Hemington Wealth Management now owns 866 shares of the company’s stock valued at $40,000 after purchasing an additional 278 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Invesco NASDAQ Internet ETF during the fourth quarter worth about $40,000. Allworth Financial LP acquired a new position in shares of Invesco NASDAQ Internet ETF in the third quarter valued at approximately $43,000. Harbour Investments Inc. lifted its stake in shares of Invesco NASDAQ Internet ETF by 8.6% during the fourth quarter. Harbour Investments Inc. now owns 2,595 shares of the company’s stock valued at $121,000 after buying an additional 205 shares during the period. Finally, WMG Financial Advisors LLC purchased a new position in shares of Invesco NASDAQ Internet ETF during the fourth quarter valued at approximately $201,000.

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.