Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Unusually-High Trading Volume

Invesco Semiconductors ETF (NYSEARCA:PSI) shares saw unusually-strong trading volume on Friday . Approximately 99,061 shares changed hands during trading, an increase of 17% from the previous session’s volume of 84,842 shares.The stock last traded at $46.47 and had previously closed at $46.76.

Invesco Semiconductors ETF Trading Up 0.3 %

The business has a 50-day moving average price of $44.82 and a 200 day moving average price of $41.61. The company has a market cap of $677.88 million, a price-to-earnings ratio of 13.59 and a beta of 1.39.

Institutional Trading of Invesco Semiconductors ETF

Hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. purchased a new stake in shares of Invesco Semiconductors ETF in the second quarter valued at $35,000. GPS Wealth Strategies Group LLC purchased a new stake in shares of Invesco Semiconductors ETF in the first quarter valued at $32,000. Tucker Asset Management LLC purchased a new stake in shares of Invesco Semiconductors ETF during the first quarter worth $33,000. Geneos Wealth Management Inc. raised its holdings in shares of Invesco Semiconductors ETF by 853.7% during the first quarter. Geneos Wealth Management Inc. now owns 391 shares of the company’s stock worth $50,000 after acquiring an additional 350 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Invesco Semiconductors ETF during the second quarter worth $42,000.

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.