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

Invesco Semiconductors ETF (NYSEARCA:PSI) saw an uptick in trading volume on Monday . 134,146 shares changed hands during trading, an increase of 108% from the previous session’s volume of 64,367 shares.The stock last traded at $57.14 and had previously closed at $63.17.

Invesco Semiconductors ETF Trading Up 0.8 %

The business has a fifty day simple moving average of $59.41 and a two-hundred day simple moving average of $57.33. The stock has a market cap of $815.77 million, a PE ratio of 7.37 and a beta of 1.77.

Institutional Trading of Invesco Semiconductors ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PSI. JPMorgan Chase & Co. grew its stake in shares of Invesco Semiconductors ETF by 625.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 47,674 shares of the company’s stock worth $2,742,000 after buying an additional 41,098 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Invesco Semiconductors ETF in the 3rd quarter worth approximately $1,630,000. Strategic Financial Concepts LLC purchased a new stake in shares of Invesco Semiconductors ETF in the 4th quarter worth approximately $807,000. Concourse Financial Group Securities Inc. grew its stake in shares of Invesco Semiconductors ETF by 8.8% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 162,486 shares of the company’s stock worth $9,346,000 after buying an additional 13,171 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Invesco Semiconductors ETF by 111.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 21,043 shares of the company’s stock worth $1,210,000 after buying an additional 11,095 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.