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

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) saw strong trading volume on Tuesday . 145,116 shares were traded during trading, an increase of 94% from the previous session’s volume of 74,846 shares.The stock last traded at $48.18 and had previously closed at $48.61.

Invesco NASDAQ Internet ETF Price Performance

The company has a market capitalization of $520.83 million, a price-to-earnings ratio of 30.49 and a beta of 1.24. The firm’s 50-day simple moving average is $47.36 and its two-hundred day simple moving average is $48.13.

Hedge Funds Weigh In On Invesco NASDAQ Internet ETF

Several hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in Invesco NASDAQ Internet ETF in the 4th quarter valued at approximately $40,000. Advisory Services Network LLC acquired a new stake in Invesco NASDAQ Internet ETF in the third quarter valued at $73,000. Allworth Financial LP grew its holdings in Invesco NASDAQ Internet ETF by 39.3% in the third quarter. Allworth Financial LP now owns 1,393 shares of the company’s stock valued at $78,000 after purchasing an additional 393 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in Invesco NASDAQ Internet ETF by 198.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,449 shares of the company’s stock valued at $132,000 after acquiring an additional 1,628 shares during the last quarter. Finally, Equitable Trust Co. purchased a new position in Invesco NASDAQ Internet ETF during the 1st quarter valued at about $203,000.

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.