Invesco Semiconductors ETF (NYSEARCA:PSI) Hits New 12-Month High – What’s Next?

Invesco Semiconductors ETF (NYSEARCA:PSI)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $177.61 and last traded at $176.75, with a volume of 104450 shares traded. The stock had previously closed at $167.48.

Invesco Semiconductors ETF Price Performance

The company has a market capitalization of $2.66 billion, a PE ratio of 29.05 and a beta of 1.80. The company has a 50-day moving average price of $144.96 and a two-hundred day moving average price of $110.09.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PSI. HighTower Advisors LLC increased its position in shares of Invesco Semiconductors ETF by 205.5% during the fourth quarter. HighTower Advisors LLC now owns 543,240 shares of the company’s stock valued at $42,840,000 after buying an additional 365,438 shares during the period. LPL Financial LLC boosted its position in shares of Invesco Semiconductors ETF by 12.2% in the fourth quarter. LPL Financial LLC now owns 407,485 shares of the company’s stock valued at $32,134,000 after acquiring an additional 44,235 shares during the period. Captrust Financial Advisors grew its stake in Invesco Semiconductors ETF by 33.2% during the second quarter. Captrust Financial Advisors now owns 243,386 shares of the company’s stock valued at $14,593,000 after acquiring an additional 60,614 shares in the last quarter. Bank of America Corp DE grew its stake in Invesco Semiconductors ETF by 21.8% during the third quarter. Bank of America Corp DE now owns 230,135 shares of the company’s stock valued at $16,184,000 after acquiring an additional 41,215 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in Invesco Semiconductors ETF by 2.4% during the 1st quarter. Cetera Investment Advisers now owns 185,677 shares of the company’s stock worth $17,524,000 after acquiring an additional 4,296 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.