Invesco Semiconductors ETF (NYSEARCA:PSI) Sets New 52-Week High – Should You Buy?

Invesco Semiconductors ETF (NYSEARCA:PSI) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $89.25 and last traded at $89.2940, with a volume of 56098 shares trading hands. The stock had previously closed at $88.87.

Invesco Semiconductors ETF Price Performance

The stock’s fifty day moving average is $78.93 and its 200-day moving average is $70.62. The stock has a market capitalization of $1.13 billion, a PE ratio of 29.05 and a beta of 1.57.

Institutional Trading of Invesco Semiconductors ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in shares of Invesco Semiconductors ETF by 16.9% during the 1st quarter. Royal Bank of Canada now owns 91,275 shares of the company’s stock worth $4,325,000 after buying an additional 13,163 shares during the period. Jane Street Group LLC purchased a new stake in Invesco Semiconductors ETF in the 1st quarter worth $540,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Invesco Semiconductors ETF in the second quarter valued at about $202,000. Farther Finance Advisors LLC increased its stake in shares of Invesco Semiconductors ETF by 458.3% during the second quarter. Farther Finance Advisors LLC now owns 1,005 shares of the company’s stock worth $60,000 after purchasing an additional 825 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new position in shares of Invesco Semiconductors ETF during the 2nd quarter worth about $249,000.

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.