Invesco Semiconductors ETF (NYSEARCA:PSI) Hits New 1-Year High – Here’s Why

Invesco Semiconductors ETF (NYSEARCA:PSI)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $105.74 and last traded at $105.2550, with a volume of 50272 shares changing hands. The stock had previously closed at $102.76.

Invesco Semiconductors ETF Stock Down 2.8%

The stock has a market cap of $1.26 billion, a PE ratio of 29.05 and a beta of 1.57. The business has a 50 day moving average price of $91.85 and a 200 day moving average price of $78.65.

Institutional Investors Weigh In On Invesco Semiconductors ETF

A number of large investors have recently modified their holdings of the business. VSM Wealth Advisory LLC purchased a new position in shares of Invesco Semiconductors ETF in the fourth quarter worth about $34,000. Geneos Wealth Management Inc. purchased a new position in Invesco Semiconductors ETF in the 4th quarter worth approximately $35,000. Simplex Trading LLC boosted its holdings in shares of Invesco Semiconductors ETF by 818.3% during the 2nd quarter. Simplex Trading LLC now owns 753 shares of the company’s stock worth $45,000 after purchasing an additional 671 shares during the last quarter. MV Capital Management Inc. purchased a new stake in shares of Invesco Semiconductors ETF in the fourth quarter valued at approximately $59,000. Finally, Howe & Rusling Inc. purchased a new position in Invesco Semiconductors ETF during the fourth quarter worth approximately $59,000.

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. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.