Invesco Semiconductors ETF (NYSEARCA:PSI) Hits New 52-Week High – Still a Buy?

by · The Cerbat Gem

Invesco Semiconductors ETF (NYSEARCA:PSI – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $120.92 and last traded at $120.86, with a volume of 47355 shares trading hands. The stock had previously closed at $120.04.

Invesco Semiconductors ETF Stock Performance

The firm has a market cap of $1.70 billion, a PE ratio of 29.05 and a beta of 1.56. The firm has a fifty day simple moving average of $99.84 and a two-hundred day simple moving average of $87.48.

Hedge Funds Weigh In On Invesco Semiconductors ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. VSM Wealth Advisory LLC purchased a new position in shares of Invesco Semiconductors ETF in the 4th quarter worth approximately $34,000. Geneos Wealth Management Inc. purchased a new position in shares of Invesco Semiconductors ETF in the 4th quarter worth approximately $35,000. MV Capital Management Inc. purchased a new position in shares of Invesco Semiconductors ETF in the 4th quarter worth approximately $59,000. Howe & Rusling Inc. purchased a new position in shares of Invesco Semiconductors ETF in the 4th quarter worth approximately $59,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Invesco Semiconductors ETF in the 4th quarter worth approximately $60,000.

About Invesco Semiconductors ETF

(Get Free Report)

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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