Invesco Semiconductors ETF (NYSEARCA:PSI) Reaches New 12-Month High – What’s Next?

Invesco Semiconductors ETF (NYSEARCA:PSI)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $105.74 and last traded at $105.2550, with a volume of 50272 shares changing hands. The stock had previously closed at $102.76.

Invesco Semiconductors ETF Stock Up 1.6%

The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 29.05 and a beta of 1.57. The business has a 50-day moving average of $90.81 and a two-hundred day moving average of $78.31.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PSI. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Invesco Semiconductors ETF during the 2nd quarter valued at about $727,000. M Holdings Securities Inc. bought a new stake in shares of Invesco Semiconductors ETF in the 2nd quarter valued at approximately $1,219,000. Cetera Investment Advisers lifted its position in shares of Invesco Semiconductors ETF by 6.0% during the 2nd quarter. Cetera Investment Advisers now owns 207,094 shares of the company’s stock worth $12,417,000 after buying an additional 11,641 shares during the period. PFG Advisors acquired a new stake in Invesco Semiconductors ETF in the 2nd quarter valued at $314,000. Finally, WNY Asset Management LLC acquired a new position in Invesco Semiconductors ETF during the second quarter worth $235,000.

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.