Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Strong Trading Volume – Still a Buy?

Shares of Invesco Semiconductors ETF (NYSEARCA:PSI) saw an uptick in trading volume on Monday . 127,482 shares were traded during mid-day trading, an increase of 47% from the previous session’s volume of 86,805 shares.The stock last traded at $95.64 and had previously closed at $93.02.

Invesco Semiconductors ETF Stock Performance

The company’s 50-day moving average price is $85.25 and its 200 day moving average price is $74.34. The stock has a market capitalization of $1.16 billion, a PE ratio of 29.05 and a beta of 1.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PSI. Trek Financial LLC bought a new position in shares of Invesco Semiconductors ETF in the 4th quarter worth about $5,457,000. Advisor OS LLC purchased a new stake in shares of Invesco Semiconductors ETF in the 4th quarter worth approximately $205,000. International Assets Investment Management LLC bought a new position in Invesco Semiconductors ETF during the 4th quarter valued at approximately $60,000. Adirondack Capital Advisors LLC purchased a new position in Invesco Semiconductors ETF during the fourth quarter valued at $237,000. Finally, Truist Financial Corp boosted its holdings in Invesco Semiconductors ETF by 863.8% in the fourth quarter. Truist Financial Corp now owns 45,981 shares of the company’s stock worth $3,626,000 after acquiring an additional 41,210 shares in the last quarter.

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.