Invesco Semiconductors ETF (NYSEARCA:PSI) Sets New 52-Week High – Here’s What Happened

Invesco Semiconductors ETF (NYSEARCA:PSI)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $103.43 and last traded at $102.64, with a volume of 138505 shares trading hands. The stock had previously closed at $99.38.

Invesco Semiconductors ETF Price Performance

The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 29.05 and a beta of 1.57. The stock has a 50 day simple moving average of $87.34 and a two-hundred day simple moving average of $75.65.

Institutional Trading of Invesco Semiconductors ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. VSM Wealth Advisory LLC acquired a new position in shares of Invesco Semiconductors ETF in the 4th quarter valued at $34,000. Geneos Wealth Management Inc. acquired a new stake in Invesco Semiconductors ETF during the 4th quarter worth $35,000. Harbor Asset Planning Inc. purchased a new stake in Invesco Semiconductors ETF in the second quarter valued at $39,000. Simplex Trading LLC boosted its stake in Invesco Semiconductors ETF by 818.3% in the second quarter. Simplex Trading LLC now owns 753 shares of the company’s stock valued at $45,000 after acquiring an additional 671 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Invesco Semiconductors ETF in the fourth quarter valued at $60,000.

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.