Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Trading Down 1.6% – Here’s What Happened

Posted by Linda Flegge on Jan 11th, 2025

Invesco NASDAQ Internet ETF (NASDAQ:PNQI – Get Free Report)’s share price fell 1.6% during trading on Friday . The company traded as low as $45.98 and last traded at $46.33. 50,145 shares changed hands during trading, a decline of 12% from the average session volume of 57,191 shares. The stock had previously closed at $47.09.

Invesco NASDAQ Internet ETF Stock Performance

The company has a fifty day moving average price of $47.22 and a two-hundred day moving average price of $43.56. The company has a market cap of $828.38 million, a P/E ratio of 8.95 and a beta of 1.15.

Institutional Investors Weigh In On Invesco NASDAQ Internet ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning increased its holdings in Invesco NASDAQ Internet ETF by 5.3% during the second quarter. Creative Planning now owns 11,630 shares of the company’s stock worth $478,000 after buying an additional 583 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Invesco NASDAQ Internet ETF in the 2nd quarter valued at about $1,568,000. SeaCrest Wealth Management LLC increased its stake in shares of Invesco NASDAQ Internet ETF by 8.7% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 21,179 shares of the company’s stock worth $920,000 after purchasing an additional 1,699 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Invesco NASDAQ Internet ETF by 0.7% in the 3rd quarter. Raymond James & Associates now owns 102,343 shares of the company’s stock valued at $4,447,000 after purchasing an additional 689 shares during the period. Finally, Allworth Financial LP acquired a new stake in Invesco NASDAQ Internet ETF in the 3rd quarter valued at about $43,000.

Invesco NASDAQ Internet ETF Company Profile

(Get Free Report)

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.