Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Unusually-High Trading Volume – Still a Buy?

Invesco Semiconductors ETF (NYSEARCA:PSI) saw strong trading volume on Tuesday . 859,753 shares were traded during mid-day trading, an increase of 193% from the previous session’s volume of 293,134 shares.The stock last traded at $170.15 and had previously closed at $175.60.

Invesco Semiconductors ETF Trading Down 3.0%

The stock has a market cap of $2.54 billion, a PE ratio of 29.05 and a beta of 1.80. The firm’s 50-day moving average price is $139.19 and its two-hundred day moving average price is $107.61.

Institutional Investors Weigh In On Invesco Semiconductors ETF

A number of large investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of Invesco Semiconductors ETF by 16.9% during the first quarter. Royal Bank of Canada now owns 91,275 shares of the company’s stock valued at $4,325,000 after acquiring an additional 13,163 shares in the last quarter. Jane Street Group LLC acquired a new position in Invesco Semiconductors ETF during the 1st quarter valued at approximately $540,000. Creative Planning acquired a new position in Invesco Semiconductors ETF during the 2nd quarter valued at approximately $351,000. Flow Traders U.S. LLC acquired a new position in Invesco Semiconductors ETF during the 2nd quarter valued at approximately $365,000. Finally, Ameriprise Financial Inc. increased its stake in Invesco Semiconductors ETF by 833.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock valued at $9,129,000 after purchasing an additional 135,576 shares in 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. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.