Invesco Semiconductors ETF (NYSEARCA:PSI) Sets New 52-Week High – Should You Buy?

Invesco Semiconductors ETF (NYSEARCA:PSIGet Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $155.36 and last traded at $153.80, with a volume of 96117 shares traded. The stock had previously closed at $151.78.

Invesco Semiconductors ETF Stock Down 4.3%

The firm has a 50 day moving average price of $110.30 and a 200 day moving average price of $94.10. The stock has a market cap of $2.23 billion, a P/E ratio of 29.05 and a beta of 1.78.

Institutional Trading of Invesco Semiconductors ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in Invesco Semiconductors ETF by 16.9% in the 1st quarter. Royal Bank of Canada now owns 91,275 shares of the company’s stock worth $4,325,000 after acquiring an additional 13,163 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Invesco Semiconductors ETF in the 1st quarter worth approximately $540,000. Creative Planning purchased a new position in shares of Invesco Semiconductors ETF in the 2nd quarter worth approximately $351,000. Flow Traders U.S. LLC purchased a new position in shares of Invesco Semiconductors ETF in the 2nd quarter worth approximately $365,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Invesco Semiconductors ETF by 833.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock worth $9,129,000 after purchasing an additional 135,576 shares during the period.

About Invesco Semiconductors ETF

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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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