Invesco Semiconductors ETF (NYSEARCA:PSI) Sets New 52-Week High – Here’s What Happened

Invesco Semiconductors ETF (NYSEARCA:PSI)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $93.71 and last traded at $95.0940, with a volume of 14605 shares. The stock had previously closed at $91.54.

Invesco Semiconductors ETF Trading Up 2.1%

The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 29.05 and a beta of 1.57. The company has a 50-day moving average of $80.63 and a 200-day moving average of $71.91.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PSI. Sound Income Strategies LLC grew its holdings in Invesco Semiconductors ETF by 15,069.0% in the fourth quarter. Sound Income Strategies LLC now owns 4,399 shares of the company’s stock valued at $347,000 after purchasing an additional 4,370 shares during the period. Secure Asset Management LLC acquired a new position in shares of Invesco Semiconductors ETF during the 4th quarter valued at about $234,000. Sovran Advisors LLC acquired a new stake in shares of Invesco Semiconductors ETF during the 4th quarter worth approximately $179,000. Nilsine Partners LLC purchased a new stake in shares of Invesco Semiconductors ETF during the 4th quarter valued at approximately $1,430,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in Invesco Semiconductors ETF in the fourth quarter worth approximately $618,000.

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.