Invesco Semiconductors ETF (NYSEARCA:PSI) Shares Cross Above 50 Day Moving Average – What’s Next?

by · The Cerbat Gem

Invesco Semiconductors ETF (NYSEARCA:PSI – Get Free Report)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $76.95 and traded as high as $80.96. Invesco Semiconductors ETF shares last traded at $80.82, with a volume of 23,157 shares changing hands.

Invesco Semiconductors ETF Stock Performance

The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 29.05 and a beta of 1.57. The company has a 50-day simple moving average of $77.09 and a two-hundred day simple moving average of $68.19.

Institutional Trading of Invesco Semiconductors ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC raised its stake in Invesco Semiconductors ETF by 31.7% in the 2nd quarter. CWM LLC now owns 9,664 shares of the company’s stock valued at $579,000 after acquiring an additional 2,326 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in shares of Invesco Semiconductors ETF in the second quarter valued at $727,000. M Holdings Securities Inc. bought a new position in shares of Invesco Semiconductors ETF in the second quarter valued at about $1,219,000. PFG Advisors acquired a new stake in shares of Invesco Semiconductors ETF during the 2nd quarter worth about $314,000. Finally, WNY Asset Management LLC bought a new stake in shares of Invesco Semiconductors ETF during the 2nd quarter worth about $235,000.

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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