Invesco Semiconductors ETF (NYSEARCA:PSI) Hits New 12-Month High – Here’s Why

Invesco Semiconductors ETF (NYSEARCA:PSIGet Free Report)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $166.77 and last traded at $166.46, with a volume of 137995 shares traded. The stock had previously closed at $163.00.

Invesco Semiconductors ETF Stock Performance

The firm has a market cap of $2.47 billion, a P/E ratio of 29.05 and a beta of 1.80. The firm has a fifty day moving average of $136.21 and a 200-day moving average of $106.23.

Institutional Trading of Invesco Semiconductors ETF

Several hedge funds have recently made changes to their positions in the stock. NFSG Corp increased its position in Invesco Semiconductors ETF by 55.6% in the 1st quarter. NFSG Corp now owns 280 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Fifth Third Bancorp acquired a new stake in Invesco Semiconductors ETF in the 1st quarter valued at approximately $26,000. Ascentis Independent Advisors acquired a new stake in Invesco Semiconductors ETF in the 1st quarter valued at approximately $28,000. VSM Wealth Advisory LLC acquired a new stake in Invesco Semiconductors ETF in the 4th quarter valued at approximately $34,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Invesco Semiconductors ETF in the 4th quarter valued at approximately $35,000.

Invesco Semiconductors ETF Company Profile

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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.

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