Shares of Invesco Semiconductors ETF (NYSEARCA:PSI – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $177.61 and last traded at $176.75, with a volume of 104450 shares. The stock had previously closed at $167.48.
Invesco Semiconductors ETF Price Performance
The business has a 50-day moving average of $141.94 and a 200 day moving average of $108.90. The company has a market cap of $2.66 billion, a PE ratio of 29.05 and a beta of 1.80.
Hedge Funds Weigh In On Invesco Semiconductors ETF
Institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC grew its position in 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 buying an additional 365,438 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Invesco Semiconductors ETF by 833.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock worth $9,129,000 after acquiring an additional 135,576 shares during the last quarter. Trek Financial LLC purchased a new position in shares of Invesco Semiconductors ETF during the 4th quarter worth $5,457,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco Semiconductors ETF by 199.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 101,326 shares of the company’s stock valued at $7,859,000 after acquiring an additional 67,534 shares during the period. Finally, Artesa Financial Group LLC purchased a new stake in shares of Invesco Semiconductors ETF in the 4th quarter worth $5,009,000.
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.
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