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

Invesco Semiconductors ETF (NYSEARCA:PSI)’s stock price reached a new 52-week high 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 Stock Up 3.8%

The company has a 50 day moving average price of $152.37 and a 200-day moving average price of $114.30. The company has a market cap of $2.76 billion, a price-to-earnings 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 business. HighTower Advisors LLC raised its stake in shares of Invesco Semiconductors ETF by 205.5% during the fourth quarter. HighTower Advisors LLC now owns 543,240 shares of the company’s stock valued at $42,840,000 after acquiring an additional 365,438 shares during the last quarter. LPL Financial LLC increased its holdings in Invesco Semiconductors ETF by 12.2% in the fourth quarter. LPL Financial LLC now owns 407,485 shares of the company’s stock valued at $32,134,000 after purchasing an additional 44,235 shares during the period. Captrust Financial Advisors increased its holdings in Invesco Semiconductors ETF by 33.2% in the second quarter. Captrust Financial Advisors now owns 243,386 shares of the company’s stock valued at $14,593,000 after purchasing an additional 60,614 shares during the period. Bank of America Corp DE raised its position in Invesco Semiconductors ETF by 21.8% during the 3rd quarter. Bank of America Corp DE now owns 230,135 shares of the company’s stock worth $16,184,000 after purchasing an additional 41,215 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in Invesco Semiconductors ETF by 2.4% during the 1st quarter. Cetera Investment Advisers now owns 185,677 shares of the company’s stock worth $17,524,000 after purchasing an additional 4,296 shares during the last quarter.

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.