Invesco Semiconductors ETF (NYSEARCA:PSI) Stock Price Crosses Below 200 Day Moving Average of $56.63

Invesco Semiconductors ETF (NYSEARCA:PSIGet Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $56.63 and traded as low as $48.96. Invesco Semiconductors ETF shares last traded at $49.13, with a volume of 160,464 shares.

Invesco Semiconductors ETF Trading Up 0.4 %

The stock has a market cap of $749.17 million, a price-to-earnings ratio of 7.37 and a beta of 1.77. The company has a 50 day simple moving average of $60.36 and a 200-day simple moving average of $56.62.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. One Capital Management LLC purchased a new position in Invesco Semiconductors ETF during the second quarter valued at $206,000. Envestnet Asset Management Inc. grew its position in Invesco Semiconductors ETF by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 208,227 shares of the company’s stock valued at $13,079,000 after buying an additional 10,309 shares during the last quarter. LPL Financial LLC raised its stake in shares of Invesco Semiconductors ETF by 8.4% during the 2nd quarter. LPL Financial LLC now owns 501,244 shares of the company’s stock worth $31,483,000 after buying an additional 38,804 shares during the last quarter. Bright Futures Wealth Management LLC. lifted its holdings in shares of Invesco Semiconductors ETF by 2.8% during the 2nd quarter. Bright Futures Wealth Management LLC. now owns 12,071 shares of the company’s stock valued at $758,000 after acquiring an additional 332 shares in the last quarter. Finally, Advisor OS LLC purchased a new position in shares of Invesco Semiconductors ETF during the 2nd quarter valued at approximately $326,000.

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.

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