Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Unusually-High Trading Volume

Shares of Invesco Semiconductors ETF (NYSEARCA:PSIGet Free Report) saw strong trading volume on Thursday . 77,217 shares changed hands during trading, a decline of 5% from the previous session’s volume of 81,485 shares.The stock last traded at $53.39 and had previously closed at $53.33.

Invesco Semiconductors ETF Stock Down 4.1 %

The firm has a 50 day moving average of $58.04 and a 200-day moving average of $57.29. The company has a market cap of $719.55 million, a P/E ratio of 7.37 and a beta of 1.77.

Hedge Funds Weigh In On Invesco Semiconductors ETF

Large investors have recently bought and sold shares of the business. MFA Wealth Advisors LLC acquired a new position in Invesco Semiconductors ETF during the 2nd quarter valued at about $31,000. International Assets Investment Management LLC purchased a new position in Invesco Semiconductors ETF in the 2nd quarter worth $48,000. Spire Wealth Management grew its stake in Invesco Semiconductors ETF by 41.0% during the 1st quarter. Spire Wealth Management now owns 1,702 shares of the company’s stock valued at $96,000 after purchasing an additional 495 shares during the last quarter. Comerica Bank increased its holdings in shares of Invesco Semiconductors ETF by 237.0% in the first quarter. Comerica Bank now owns 1,914 shares of the company’s stock valued at $108,000 after purchasing an additional 1,346 shares during the period. Finally, Transcendent Capital Group LLC purchased a new position in shares of Invesco Semiconductors ETF in the first quarter worth about $118,000.

About Invesco Semiconductors ETF

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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.

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