Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Large Volume Increase – Time to Buy?

Invesco Semiconductors ETF (NYSEARCA:PSI) saw an uptick in trading volume on Friday . 109,982 shares traded hands during mid-day trading, a decline of 47% from the previous session’s volume of 206,274 shares.The stock last traded at $132.58 and had previously closed at $127.02.

Invesco Semiconductors ETF Stock Performance

The firm has a market cap of $1.94 billion, a PE ratio of 29.05 and a beta of 1.56. The stock has a fifty day moving average price of $102.40 and a 200-day moving average price of $89.24.

Institutional Trading of Invesco Semiconductors ETF

A number of institutional investors have recently modified their holdings of the company. Apollon Wealth Management LLC purchased a new stake in shares of Invesco Semiconductors ETF during the 1st quarter worth about $237,000. Artesa Financial Group LLC grew its holdings in shares of Invesco Semiconductors ETF by 1.5% during the 1st quarter. Artesa Financial Group LLC now owns 64,447 shares of the company’s stock worth $6,082,000 after purchasing an additional 929 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of Invesco Semiconductors ETF by 2.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,652 shares of the company’s stock worth $367,000 after purchasing an additional 124 shares during the period. World Investment Advisors purchased a new stake in shares of Invesco Semiconductors ETF during the 4th quarter worth about $215,000. Finally, MV Capital Management Inc. purchased a new stake in shares of Invesco Semiconductors ETF during the 4th quarter worth about $59,000.

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.