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

Invesco Semiconductors ETF (NYSEARCA:PSI) hit a new 52-week high during trading on Monday . The company traded as high as $120.92 and last traded at $120.86, with a volume of 47355 shares trading hands. The stock had previously closed at $120.04.

Invesco Semiconductors ETF Price Performance

The business has a 50 day moving average of $100.74 and a 200 day moving average of $88.18. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 29.05 and a beta of 1.56.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. VSM Wealth Advisory LLC acquired a new position in shares of Invesco Semiconductors ETF in the fourth quarter valued at $34,000. Geneos Wealth Management Inc. acquired a new position in shares of Invesco Semiconductors ETF in the fourth quarter valued at $35,000. MV Capital Management Inc. acquired a new position in Invesco Semiconductors ETF during the fourth quarter worth $59,000. Howe & Rusling Inc. acquired a new position in Invesco Semiconductors ETF during the fourth quarter worth $59,000. Finally, International Assets Investment Management LLC acquired a new position in Invesco Semiconductors ETF during the fourth quarter worth $60,000.

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.