Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Shares Up 0.3% – Still a Buy?

Invesco NASDAQ Internet ETF (NASDAQ:PNQI)’s share price was up 0.3% on Tuesday . The stock traded as high as $46.94 and last traded at $46.86. Approximately 28,177 shares changed hands during trading, a decline of 65% from the average daily volume of 79,909 shares. The stock had previously closed at $46.72.

Invesco NASDAQ Internet ETF Stock Performance

The company has a 50-day simple moving average of $47.87 and a two-hundred day simple moving average of $49.36. The firm has a market capitalization of $541.70 million, a P/E ratio of 30.49 and a beta of 1.24.

Institutional Trading of Invesco NASDAQ Internet ETF

Large investors have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in Invesco NASDAQ Internet ETF during the 4th quarter valued at approximately $40,000. Huntington National Bank bought a new stake in shares of Invesco NASDAQ Internet ETF in the 3rd quarter worth approximately $56,000. Advisory Services Network LLC bought a new stake in shares of Invesco NASDAQ Internet ETF in the 3rd quarter worth approximately $73,000. Allworth Financial LP boosted its position in shares of Invesco NASDAQ Internet ETF by 39.3% in the 3rd quarter. Allworth Financial LP now owns 1,393 shares of the company’s stock worth $78,000 after purchasing an additional 393 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of 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 worth $132,000 after purchasing an additional 1,628 shares in the last quarter.

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.