Invesco Semiconductors ETF (NYSEARCA:PSI) Sets New 12-Month High – Here’s What Happened

Invesco Semiconductors ETF (NYSEARCA:PSI) reached a new 52-week high on Monday . The company traded as high as $136.80 and last traded at $136.47, with a volume of 61385 shares traded. The stock had previously closed at $135.12.

Invesco Semiconductors ETF Price Performance

The firm has a 50-day moving average of $104.76 and a 200-day moving average of $90.99. The stock has a market cap of $2.02 billion, a PE ratio of 29.05 and a beta of 1.78.

Institutional Investors Weigh In On Invesco Semiconductors ETF

A number of institutional investors have recently added to or reduced their stakes in PSI. Fifth Third Bancorp purchased a new position in Invesco Semiconductors ETF during the first quarter valued at $26,000. Ascentis Independent Advisors bought a new position in shares of Invesco Semiconductors ETF during the 1st quarter valued at about $28,000. VSM Wealth Advisory LLC purchased a new position in shares of Invesco Semiconductors ETF during the fourth quarter valued at about $34,000. Geneos Wealth Management Inc. purchased a new position in shares of Invesco Semiconductors ETF during the fourth quarter valued at about $35,000. Finally, MV Capital Management Inc. bought a new stake in shares of Invesco Semiconductors ETF in the fourth quarter worth about $59,000.

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.