Invesco Semiconductors ETF (NYSEARCA:PSI) Reaches New 1-Year High – Here’s What Happened

Invesco Semiconductors ETF (NYSEARCA:PSI)’s share price reached a new 52-week high on Monday . The company traded as high as $85.36 and last traded at $85.4410, with a volume of 21017 shares trading hands. The stock had previously closed at $82.87.

Invesco Semiconductors ETF Price Performance

The company has a 50-day simple moving average of $77.81 and a 200-day simple moving average of $69.39. The stock has a market cap of $1.07 billion, a PE ratio of 29.05 and a beta of 1.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in Invesco Semiconductors ETF by 16.9% during the 1st quarter. Royal Bank of Canada now owns 91,275 shares of the company’s stock valued at $4,325,000 after purchasing an additional 13,163 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Invesco Semiconductors ETF by 232.2% in the first quarter. Jones Financial Companies Lllp now owns 36,220 shares of the company’s stock worth $1,716,000 after buying an additional 25,317 shares during the period. Jane Street Group LLC purchased a new position in shares of Invesco Semiconductors ETF during the first quarter valued at $540,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Invesco Semiconductors ETF during the second quarter valued at $202,000. Finally, Farther Finance Advisors LLC raised its position in Invesco Semiconductors ETF by 458.3% during the second quarter. Farther Finance Advisors LLC now owns 1,005 shares of the company’s stock valued at $60,000 after buying an additional 825 shares during the period.

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.