Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Strong Trading Volume – What’s Next?

Shares of Invesco Semiconductors ETF (NYSEARCA:PSI) saw unusually-high trading volume on Monday . Approximately 127,482 shares were traded during mid-day trading, an increase of 47% from the previous session’s volume of 86,805 shares.The stock last traded at $95.64 and had previously closed at $93.02.

Invesco Semiconductors ETF Trading Up 3.3%

The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 29.05 and a beta of 1.57. The company has a 50-day moving average of $84.11 and a 200-day moving average of $73.77.

Institutional Investors Weigh In On Invesco Semiconductors ETF

A number of institutional investors have recently added to or reduced their stakes in PSI. Geneos Wealth Management Inc. purchased a new stake in Invesco Semiconductors ETF in the 4th quarter valued at $35,000. Harbor Asset Planning Inc. purchased a new stake in Invesco Semiconductors ETF during the second quarter worth about $39,000. Simplex Trading LLC lifted its position in shares of Invesco Semiconductors ETF by 818.3% during the second quarter. Simplex Trading LLC now owns 753 shares of the company’s stock worth $45,000 after purchasing an additional 671 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Invesco Semiconductors ETF by 458.3% in the second quarter. Farther Finance Advisors LLC now owns 1,005 shares of the company’s stock valued at $60,000 after purchasing an additional 825 shares during the period. Finally, Allworth Financial LP acquired a new position in shares of Invesco Semiconductors ETF in the third quarter valued at approximately $134,000.

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.