Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Large Volume Increase – Still a Buy?

Shares of Invesco Semiconductors ETF (NYSEARCA:PSI) saw unusually-high trading volume on Friday . Approximately 36,767 shares changed hands during mid-day trading, a decline of 40% from the previous session’s volume of 60,823 shares.The stock last traded at $80.6910 and had previously closed at $80.82.

Invesco Semiconductors ETF Trading Up 0.2%

The stock has a 50 day simple moving average of $77.09 and a 200 day simple moving average of $68.19. The firm has a market capitalization of $1.01 billion, a PE ratio of 29.05 and a beta of 1.57.

Institutional Investors Weigh In On Invesco Semiconductors ETF

A number of institutional investors have recently added to or reduced their stakes in PSI. Creative Planning increased its position in Invesco Semiconductors ETF by 3.3% in the third quarter. Creative Planning now owns 6,050 shares of the company’s stock worth $425,000 after purchasing an additional 191 shares during the last quarter. Mariner LLC boosted its holdings in shares of Invesco Semiconductors ETF by 2.4% in the 3rd quarter. Mariner LLC now owns 8,707 shares of the company’s stock valued at $612,000 after buying an additional 207 shares in the last quarter. Prospera Financial Services Inc boosted its position in shares of Invesco Semiconductors ETF by 3.2% in the 2nd quarter. Prospera Financial Services Inc now owns 14,857 shares of the company’s stock worth $891,000 after purchasing an additional 463 shares in the last quarter. AE Wealth Management LLC increased its stake in Invesco Semiconductors ETF by 5.0% during the 2nd quarter. AE Wealth Management LLC now owns 9,746 shares of the company’s stock valued at $584,000 after purchasing an additional 466 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Invesco Semiconductors ETF by 5.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,537 shares of the company’s stock worth $671,000 after buying an additional 467 shares during the last quarter.

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.