Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Large Volume Increase – Should You Buy?

Invesco Semiconductors ETF (NYSEARCA:PSI) shares saw an uptick in trading volume on Tuesday. 375,072 shares traded hands during trading, an increase of 10% from the previous session’s volume of 341,253 shares. The stock last traded at $127.8110 and had previously closed at $127.82.

Invesco Semiconductors ETF Price Performance

The company’s 50 day moving average price is $141.01 and its 200 day moving average price is $144.55. The firm has a market capitalization of $2.63 billion, a P/E ratio of 29.05 and a beta of 1.80.

Institutional Investors Weigh In On Invesco Semiconductors ETF

Several institutional investors have recently bought and sold shares of PSI. Rodgers & Associates LTD bought a new position in shares of Invesco Semiconductors ETF in the 2nd quarter valued at about $43,092,000. JNBA Financial Advisors acquired a new position in shares of Invesco Semiconductors ETF during the 2nd quarter worth approximately $39,620,000. Cetera Investment Advisers raised its stake in Invesco Semiconductors ETF by 2.4% in the 1st quarter. Cetera Investment Advisers now owns 185,677 shares of the company’s stock valued at $17,524,000 after acquiring an additional 4,296 shares during the period. Royal Bank of Canada increased its holdings 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 valued at $13,253,000 after purchasing an additional 7,482 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Invesco Semiconductors ETF by 57.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 69,311 shares of the company’s stock worth $13,018,000 after buying an additional 25,263 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.