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

Invesco Semiconductors ETF (NYSEARCA:PSI)’s stock price reached a new 52-week high during mid-day 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 Stock Performance

The company has a market capitalization of $2.37 billion, a P/E ratio of 29.05 and a beta of 1.78. The business has a 50 day moving average of $120.23 and a 200-day moving average of $98.70.

Institutional Trading of Invesco Semiconductors ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PSI. Royal Bank of Canada raised its stake in shares of Invesco Semiconductors ETF by 16.9% during the 1st quarter. Royal Bank of Canada now owns 91,275 shares of the company’s stock valued at $4,325,000 after purchasing an additional 13,163 shares during the period. Jane Street Group LLC bought a new stake in shares of Invesco Semiconductors ETF during the 1st quarter valued at $540,000. Creative Planning bought a new stake in shares of Invesco Semiconductors ETF during the 2nd quarter valued at $351,000. Flow Traders U.S. LLC bought a new stake in shares of Invesco Semiconductors ETF during the 2nd quarter valued at $365,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Invesco Semiconductors ETF by 833.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock valued at $9,129,000 after purchasing an additional 135,576 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.