Invesco Semiconductors ETF (NYSEARCA:PSI – Get Free Report) saw strong trading volume on Friday . Approximately 277,988 shares changed hands during mid-day trading, a decline of 12% from the previous session’s volume of 316,040 shares.The stock last traded at $141.93 and had previously closed at $145.21.
Invesco Semiconductors ETF Stock Down 1.4%
The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 29.05 and a beta of 1.76. The business has a 50 day moving average price of $159.58 and a 200-day moving average price of $121.65.
Hedge Funds Weigh In On Invesco Semiconductors ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. NFSG Corp raised its stake in shares of Invesco Semiconductors ETF by 55.6% during the first 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. Fifth Third Bancorp purchased a new position in shares of Invesco Semiconductors ETF in the first quarter valued at $26,000. Ascentis Independent Advisors purchased a new position in shares of Invesco Semiconductors ETF in the first quarter valued at $28,000. VSM Wealth Advisory LLC acquired a new stake in Invesco Semiconductors ETF during the 4th quarter valued at $34,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Invesco Semiconductors ETF during the 4th quarter valued at $35,000.
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.
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