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

Invesco Semiconductors ETF (NYSEARCA:PSI) hit 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 traded. The stock had previously closed at $177.98.

Invesco Semiconductors ETF Stock Down 7.1%

The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 29.05 and a beta of 1.76. The business has a 50 day moving average price of $154.78 and a 200-day moving average price of $115.67.

Institutional Trading of Invesco Semiconductors ETF

Large investors have recently bought and sold shares of the company. NFSG Corp raised its stake in shares of Invesco Semiconductors ETF by 55.6% during the first quarter. NFSG Corp now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Fifth Third Bancorp purchased a new position in shares of Invesco Semiconductors ETF in the first quarter valued at $26,000. Ascentis Independent Advisors acquired a new stake in Invesco Semiconductors ETF during the 1st quarter valued at $28,000. VSM Wealth Advisory LLC acquired a new stake in Invesco Semiconductors ETF during the 4th quarter valued at $34,000. Finally, Geneos Wealth Management Inc. purchased a new stake in Invesco Semiconductors ETF during the 4th quarter worth $35,000.

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.