Invesco Semiconductors ETF (NYSEARCA:PSI) Sets New 1-Year High at $60.76

Invesco Semiconductors ETF (NYSEARCA:PSI)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $60.76 and last traded at $60.76, with a volume of 53664 shares traded. The stock had previously closed at $58.23.

Invesco Semiconductors ETF Stock Up 4.3 %

The business has a 50-day moving average price of $56.14 and a 200-day moving average price of $52.11. The firm has a market capitalization of $860.54 million, a P/E ratio of 7.37 and a beta of 1.77.

Institutional Investors Weigh In On Invesco Semiconductors ETF

A number of institutional investors have recently added to or reduced their stakes in PSI. Geneos Wealth Management Inc. boosted its stake in Invesco Semiconductors ETF by 675.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 698 shares of the company’s stock valued at $35,000 after buying an additional 608 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Invesco Semiconductors ETF during the third quarter worth $43,000. Global Retirement Partners LLC bought a new stake in shares of Invesco Semiconductors ETF during the fourth quarter worth $66,000. Spire Wealth Management raised its position in shares of Invesco Semiconductors ETF by 41.0% during the first quarter. Spire Wealth Management now owns 1,702 shares of the company’s stock worth $96,000 after acquiring an additional 495 shares during the last quarter. Finally, Comerica Bank raised its position in shares of Invesco Semiconductors ETF by 237.0% during the first quarter. Comerica Bank now owns 1,914 shares of the company’s stock worth $108,000 after acquiring an additional 1,346 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.