Invesco Semiconductors ETF (NYSEARCA:PSI) Hits New 12-Month High – Time to Buy?

Invesco Semiconductors ETF (NYSEARCA:PSI) hit a new 52-week high during trading on Tuesday . The stock traded as high as $185.00 and last traded at $184.69, with a volume of 170381 shares. The stock had previously closed at $177.98.

Invesco Semiconductors ETF Price Performance

The business’s fifty day moving average price is $152.37 and its 200 day moving average price is $114.30. The stock has a market cap of $2.76 billion, a P/E ratio of 29.05 and a beta of 1.80.

Hedge Funds Weigh In On Invesco Semiconductors ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp acquired a new position in shares of Invesco Semiconductors ETF during the first quarter worth $26,000. NFSG Corp boosted its holdings in shares of Invesco Semiconductors ETF by 55.6% during the 1st quarter. NFSG Corp now owns 280 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Ascentis Independent Advisors bought a new stake in Invesco Semiconductors ETF during the 1st quarter worth $28,000. VSM Wealth Advisory LLC bought a new stake in Invesco Semiconductors ETF during the 4th quarter worth $34,000. Finally, Geneos Wealth Management Inc. acquired a new position in Invesco Semiconductors ETF in the 4th quarter worth about $35,000.

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.