Invesco Semiconductors ETF (NYSEARCA:PSI) Hits New 1-Year Low – What’s Next?

Invesco Semiconductors ETF (NYSEARCA:PSI)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $45.93 and last traded at $46.59, with a volume of 29856 shares. The stock had previously closed at $47.68.

Invesco Semiconductors ETF Price Performance

The business has a 50 day moving average of $56.23 and a 200 day moving average of $57.09. The firm has a market capitalization of $572.52 million, a price-to-earnings ratio of 23.49 and a beta of 1.46.

Invesco Semiconductors ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.0051 per share. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PSI. FMR LLC grew its stake in Invesco Semiconductors ETF by 43.6% in the third quarter. FMR LLC now owns 2,906 shares of the company’s stock valued at $167,000 after acquiring an additional 882 shares during the period. Benjamin Edwards Inc. bought a new stake in Invesco Semiconductors ETF in the 3rd quarter valued at $233,000. Jane Street Group LLC acquired a new position in Invesco Semiconductors ETF in the 3rd quarter worth $1,630,000. MML Investors Services LLC lifted its holdings in shares of Invesco Semiconductors ETF by 3.4% in the third quarter. MML Investors Services LLC now owns 123,909 shares of the company’s stock valued at $7,127,000 after purchasing an additional 4,104 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Invesco Semiconductors ETF during the third quarter worth about $383,000.

About Invesco Semiconductors ETF

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.