Invesco Semiconductors ETF (NYSEARCA:PSI) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Invesco Semiconductors ETF (NYSEARCA:PSI)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $135.88 and traded as low as $128.10. Invesco Semiconductors ETF shares last traded at $129.84, with a volume of 169,489 shares traded.

Invesco Semiconductors ETF Price Performance

The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 29.05 and a beta of 1.79. The stock has a 50-day moving average price of $141.05 and a 200-day moving average price of $136.13.

Hedge Funds Weigh In On Invesco Semiconductors ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. First Bancorp Inc ME bought a new stake in shares of Invesco Semiconductors ETF during the second quarter worth approximately $43,000. Fifth Third Bancorp acquired a new stake in Invesco Semiconductors ETF during the 1st quarter worth approximately $26,000. NFSG Corp boosted its stake in Invesco Semiconductors ETF by 55.6% in the 1st quarter. NFSG Corp now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Ascentis Independent Advisors bought a new stake in Invesco Semiconductors ETF in the 1st quarter valued at $28,000. Finally, Orion Capital Management LLC acquired a new position in Invesco Semiconductors ETF in the 2nd quarter valued at $56,000.

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.