Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Strong Trading Volume – Should You Buy?

Shares of Invesco Semiconductors ETF (NYSEARCA:PSI) saw unusually-strong trading volume on Tuesday . Approximately 102,429 shares were traded during mid-day trading, an increase of 22% from the previous session’s volume of 84,288 shares.The stock last traded at $53.01 and had previously closed at $53.19.

Invesco Semiconductors ETF Stock Up 0.2%

The company’s 50-day simple moving average is $47.36 and its 200 day simple moving average is $54.36. The firm has a market capitalization of $662.05 million, a PE ratio of 23.76 and a beta of 1.48.

Institutional Investors Weigh In On Invesco Semiconductors ETF

A number of large investors have recently made changes to their positions in the stock. VSM Wealth Advisory LLC purchased a new position in Invesco Semiconductors ETF in the fourth quarter valued at $25,000. Wells Fargo & Company MN increased its holdings in shares of Invesco Semiconductors ETF by 60,000.0% in the fourth quarter. Wells Fargo & Company MN now owns 601 shares of the company’s stock valued at $35,000 after purchasing an additional 600 shares during the last quarter. NBC Securities Inc. boosted its position in shares of Invesco Semiconductors ETF by 101,600.0% during the 1st quarter. NBC Securities Inc. now owns 1,017 shares of the company’s stock valued at $48,000 after acquiring an additional 1,016 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Invesco Semiconductors ETF by 33.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,380 shares of the company’s stock worth $80,000 after purchasing an additional 345 shares during the period. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of Invesco Semiconductors ETF during the fourth quarter worth $104,000.

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.