Invesco Semiconductors ETF (NYSEARCA:PSI) Sets New 1-Year High at $64.40

Invesco Semiconductors ETF (NYSEARCA:PSIGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $64.40 and last traded at $64.40, with a volume of 6123 shares changing hands. The stock had previously closed at $63.94.

Invesco Semiconductors ETF Stock Up 0.5 %

The company has a market cap of $910.99 million, a price-to-earnings ratio of 7.37 and a beta of 1.77. The company’s fifty day moving average price is $57.09 and its two-hundred day moving average price is $53.24.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its position in shares of Invesco Semiconductors ETF by 675.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 698 shares of the company’s stock worth $35,000 after purchasing an additional 608 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Invesco Semiconductors ETF during the fourth quarter worth $66,000. Spire Wealth Management raised its position in Invesco Semiconductors ETF by 41.0% during the first quarter. Spire Wealth Management now owns 1,702 shares of the company’s stock worth $96,000 after acquiring an additional 495 shares in the last quarter. Comerica Bank raised its position in Invesco Semiconductors ETF by 237.0% during the first quarter. Comerica Bank now owns 1,914 shares of the company’s stock worth $108,000 after acquiring an additional 1,346 shares in the last quarter. Finally, Transcendent Capital Group LLC bought a new stake in Invesco Semiconductors ETF during the first quarter worth $118,000.

About Invesco Semiconductors ETF

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PowerShares Dynamic Semiconductors Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Semiconductors Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.

Further Reading

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