Invesco Semiconductors ETF (NYSEARCA:PSI) Reaches New 52-Week High – Here’s What Happened

by · The Markets Daily

Invesco Semiconductors ETF (NYSEARCA:PSI – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $82.39 and last traded at $82.00, with a volume of 70225 shares. The stock had previously closed at $80.89.

Invesco Semiconductors ETF Stock Up 1.4%

The firm has a 50 day moving average of $75.00 and a 200-day moving average of $65.85. The company has a market cap of $1.02 billion, a P/E ratio of 29.05 and a beta of 1.57.

Institutional Trading of Invesco Semiconductors ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors lifted its stake in Invesco Semiconductors ETF by 33.2% in the second quarter. Captrust Financial Advisors now owns 243,386 shares of the company’s stock worth $14,593,000 after acquiring an additional 60,614 shares during the period. Bank of America Corp DE lifted its position in shares of Invesco Semiconductors ETF by 21.8% in the 3rd quarter. Bank of America Corp DE now owns 230,135 shares of the company’s stock worth $16,184,000 after purchasing an additional 41,215 shares during the period. Cetera Investment Advisers boosted its stake in shares of Invesco Semiconductors ETF by 6.0% during the second quarter. Cetera Investment Advisers now owns 207,094 shares of the company’s stock valued at $12,417,000 after purchasing an additional 11,641 shares in the last quarter. Warner Group LLC bought a new position in shares of Invesco Semiconductors ETF during the third quarter valued at approximately $13,566,000. Finally, HighTower Advisors LLC increased its holdings in Invesco Semiconductors ETF by 1.0% during the third quarter. HighTower Advisors LLC now owns 177,802 shares of the company’s stock valued at $12,504,000 after buying an additional 1,691 shares during the period.

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.

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