Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Strong Trading Volume

Shares of Invesco Semiconductors ETF (NYSEARCA:PSI) saw strong trading volume on Monday . 132,818 shares were traded during mid-day trading, an increase of 60% from the previous session’s volume of 82,968 shares.The stock last traded at $55.14 and had previously closed at $54.88.

Invesco Semiconductors ETF Stock Up 0.1 %

The firm has a 50 day simple moving average of $55.81 and a two-hundred day simple moving average of $57.31. The stock has a market capitalization of $778.78 million, a P/E ratio of 7.37 and a beta of 1.77.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. MFA Wealth Advisors LLC bought a new position in Invesco Semiconductors ETF in the 2nd quarter valued at approximately $31,000. International Assets Investment Management LLC bought a new position in shares of Invesco Semiconductors ETF during the second quarter valued at $48,000. Newbridge Financial Services Group Inc. raised its stake in shares of Invesco Semiconductors ETF by 141.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,025 shares of the company’s stock valued at $64,000 after acquiring an additional 600 shares during the last quarter. Comerica Bank lifted its holdings in shares of Invesco Semiconductors ETF by 237.0% during the first quarter. Comerica Bank now owns 1,914 shares of the company’s stock worth $108,000 after purchasing an additional 1,346 shares during the period. Finally, Transcendent Capital Group LLC bought a new stake in shares of Invesco Semiconductors ETF in the first quarter worth $118,000.

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.