Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Large Volume Increase – Here’s What Happened

Invesco Semiconductors ETF (NYSEARCA:PSI) shares saw an uptick in trading volume on Monday . 482,400 shares changed hands during mid-day trading, an increase of 47% from the previous session’s volume of 327,266 shares.The stock last traded at $136.40 and had previously closed at $136.44.

Invesco Semiconductors ETF Stock Up 1.5%

The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 29.05 and a beta of 1.76. The firm has a fifty day moving average of $157.82 and a 200-day moving average of $125.93.

Institutional Trading of Invesco Semiconductors ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PSI. BIP Wealth LLC purchased a new position in Invesco Semiconductors ETF during the fourth quarter worth approximately $1,913,000. Truist Financial Corp increased its stake in Invesco Semiconductors ETF by 863.8% during the 4th quarter. Truist Financial Corp now owns 45,981 shares of the company’s stock worth $3,626,000 after buying an additional 41,210 shares during the period. Cetera Investment Advisers grew its stake in shares of Invesco Semiconductors ETF by 2.4% during the first quarter. Cetera Investment Advisers now owns 185,677 shares of the company’s stock valued at $17,524,000 after acquiring an additional 4,296 shares in the last quarter. Wellington Shields & Co. LLC purchased a new stake in shares of Invesco Semiconductors ETF during the fourth quarter worth about $406,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco Semiconductors ETF by 12.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 37,863 shares of the company’s stock worth $2,986,000 after acquiring an additional 4,071 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.