Invesco Semiconductors ETF (NYSEARCA:PSI) Reaches New 1-Year High – Should You Buy?

Invesco Semiconductors ETF (NYSEARCA:PSI) shares reached a new 52-week high on Wednesday . The stock traded as high as $105.74 and last traded at $105.2550, with a volume of 50272 shares traded. The stock had previously closed at $102.76.

Invesco Semiconductors ETF Stock Up 1.6%

The company’s fifty day moving average price is $90.81 and its two-hundred day moving average price is $78.31. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 29.05 and a beta of 1.57.

Institutional Trading of Invesco Semiconductors ETF

Several large investors have recently made changes to their positions in the business. VSM Wealth Advisory LLC bought a new position in shares of Invesco Semiconductors ETF in the fourth quarter valued at about $34,000. Geneos Wealth Management Inc. bought a new stake in Invesco Semiconductors ETF during the 4th quarter worth about $35,000. MV Capital Management Inc. acquired a new stake in Invesco Semiconductors ETF in the 4th quarter valued at about $59,000. Simplex Trading LLC raised its stake in shares of Invesco Semiconductors ETF by 818.3% in the second quarter. Simplex Trading LLC now owns 753 shares of the company’s stock worth $45,000 after acquiring an additional 671 shares during the last quarter. Finally, Howe & Rusling Inc. bought a new position in shares of Invesco Semiconductors ETF in the fourth quarter worth about $59,000.

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.