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

Invesco Semiconductors ETF (NYSEARCA:PSI) reached a new 52-week high during trading on Wednesday . The company traded as high as $106.66 and last traded at $105.81, with a volume of 65185 shares changing hands. The stock had previously closed at $99.53.

Invesco Semiconductors ETF Trading Up 2.5%

The stock has a market cap of $1.48 billion, a PE ratio of 29.05 and a beta of 1.56. The firm’s 50-day moving average price is $97.35 and its two-hundred day moving average price is $85.40.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PSI. B. Riley Wealth Advisors Inc. bought a new stake in shares of Invesco Semiconductors ETF in the 2nd quarter valued at about $727,000. BIP Wealth LLC bought a new position in shares of Invesco Semiconductors ETF during the 4th quarter worth approximately $1,913,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Invesco Semiconductors ETF during the fourth quarter valued at approximately $618,000. Arete Wealth Advisors LLC boosted its stake in Invesco Semiconductors ETF by 21.6% in the third quarter. Arete Wealth Advisors LLC now owns 42,262 shares of the company’s stock valued at $2,972,000 after acquiring an additional 7,521 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in Invesco Semiconductors ETF in the third quarter worth $561,000.

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.