Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Large Volume Increase – Time to Buy?

Shares of Invesco Semiconductors ETF (NYSEARCA:PSI) saw strong trading volume on Friday . 277,988 shares were traded during trading, a decline of 12% from the previous session’s volume of 316,040 shares.The stock last traded at $141.93 and had previously closed at $145.21.

Invesco Semiconductors ETF Stock Down 0.6%

The company’s fifty day simple moving average is $159.75 and its two-hundred day simple moving average is $121.50. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 29.05 and a beta of 1.76.

Institutional Trading of Invesco Semiconductors ETF

Hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its stake in Invesco Semiconductors ETF by 205.5% in the fourth quarter. HighTower Advisors LLC now owns 543,240 shares of the company’s stock valued at $42,840,000 after acquiring an additional 365,438 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Invesco Semiconductors ETF by 833.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock valued at $9,129,000 after purchasing an additional 135,576 shares in the last quarter. Trek Financial LLC acquired a new position in shares of Invesco Semiconductors ETF in the 4th quarter valued at approximately $5,457,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco Semiconductors ETF by 199.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 101,326 shares of the company’s stock valued at $7,859,000 after purchasing an additional 67,534 shares during the period. Finally, Artesa Financial Group LLC bought a new stake in Invesco Semiconductors ETF during the 4th quarter worth approximately $5,009,000.

Invesco Semiconductors ETF Company Profile

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.