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

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) shares saw strong trading volume on Monday . 78,226 shares traded hands during mid-day trading, an increase of 55% from the previous session’s volume of 50,341 shares.The stock last traded at $52.3520 and had previously closed at $52.12.

Invesco NASDAQ Internet ETF Trading Up 0.7%

The firm has a market capitalization of $754.95 million, a price-to-earnings ratio of 30.49 and a beta of 1.21. The company has a fifty day moving average price of $53.59 and a 200-day moving average price of $54.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. PFG Advisors raised its holdings in Invesco NASDAQ Internet ETF by 21.6% in the 2nd quarter. PFG Advisors now owns 93,473 shares of the company’s stock worth $4,880,000 after acquiring an additional 16,630 shares during the period. Osaic Holdings Inc. lifted its position in shares of Invesco NASDAQ Internet ETF by 18.2% during the 2nd quarter. Osaic Holdings Inc. now owns 79,051 shares of the company’s stock worth $4,127,000 after purchasing an additional 12,178 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Invesco NASDAQ Internet ETF by 26.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 49,744 shares of the company’s stock valued at $2,777,000 after purchasing an additional 10,519 shares during the period. FFG Partners LLC bought a new stake in Invesco NASDAQ Internet ETF during the 3rd quarter valued at approximately $575,000. Finally, Lido Advisors LLC grew its holdings in Invesco NASDAQ Internet ETF by 78.8% in the 3rd quarter. Lido Advisors LLC now owns 19,911 shares of the company’s stock valued at $1,112,000 after buying an additional 8,778 shares during the last quarter.

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.