Invesco Semiconductors ETF (NYSEARCA:PSI) Reaches New 52-Week High – Should You Buy?

Invesco Semiconductors ETF (NYSEARCA:PSI)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $177.61 and last traded at $176.75, with a volume of 104450 shares. The stock had previously closed at $167.48.

Invesco Semiconductors ETF Stock Up 6.3%

The company has a fifty day simple moving average of $141.94 and a 200-day simple moving average of $108.90. The firm has a market cap of $2.66 billion, a P/E ratio of 29.05 and a beta of 1.80.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC bought a new position in shares of Invesco Semiconductors ETF during the 1st quarter valued at approximately $206,000. WNY Asset Management LLC bought a new stake in Invesco Semiconductors ETF during the 1st quarter worth approximately $369,000. Arkadios Wealth Advisors purchased a new position in Invesco Semiconductors ETF during the first quarter valued at approximately $221,000. Royal Bank of Canada boosted its position in shares of Invesco Semiconductors ETF by 5.6% in the first quarter. Royal Bank of Canada now owns 140,433 shares of the company’s stock worth $13,253,000 after purchasing an additional 7,482 shares during the period. Finally, Quantinno Capital Management LP boosted its position in shares of Invesco Semiconductors ETF by 55.3% in the first quarter. Quantinno Capital Management LP now owns 4,658 shares of the company’s stock worth $440,000 after purchasing an additional 1,658 shares during the period.

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.