Invesco Semiconductors ETF (NYSEARCA:PSI) Reaches New 12-Month High – Here’s What Happened

Invesco Semiconductors ETF (NYSEARCA:PSI) hit a new 52-week high during trading on Tuesday . The company traded as high as $159.83 and last traded at $159.09, with a volume of 55578 shares trading hands. The stock had previously closed at $153.75.

Invesco Semiconductors ETF Trading Up 3.5%

The business has a 50-day moving average price of $120.23 and a 200 day moving average price of $98.70. The stock has a market cap of $2.37 billion, a PE ratio of 29.05 and a beta of 1.78.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BIP Wealth LLC purchased a new position in shares of Invesco Semiconductors ETF during the 4th quarter valued at $1,913,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Invesco Semiconductors ETF during the 4th quarter valued at $618,000. HighTower Advisors LLC raised its stake in shares of Invesco Semiconductors ETF by 205.5% during the 4th quarter. HighTower Advisors LLC now owns 543,240 shares of the company’s stock valued at $42,840,000 after purchasing an additional 365,438 shares during the period. Truist Financial Corp raised its stake in shares of Invesco Semiconductors ETF by 863.8% during the 4th quarter. Truist Financial Corp now owns 45,981 shares of the company’s stock valued at $3,626,000 after purchasing an additional 41,210 shares during the period. Finally, Arete Wealth Advisors LLC raised its stake in shares of Invesco Semiconductors ETF by 21.6% during the 3rd quarter. Arete Wealth Advisors LLC now owns 42,262 shares of the company’s stock valued at $2,972,000 after purchasing an additional 7,521 shares during the period.

Invesco Semiconductors ETF Company Profile

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.