Invesco Semiconductors ETF (NYSEARCA:PSI) Shares Cross Above 50-Day Moving Average – Should You Sell?

Invesco Semiconductors ETF (NYSEARCA:PSI)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $64.14 and traded as high as $71.67. Invesco Semiconductors ETF shares last traded at $71.67, with a volume of 29,294 shares trading hands.

Invesco Semiconductors ETF Stock Performance

The company’s fifty day simple moving average is $64.14 and its two-hundred day simple moving average is $56.32. The stock has a market capitalization of $853.59 million, a PE ratio of 29.05 and a beta of 1.39.

Hedge Funds Weigh In On Invesco Semiconductors ETF

Several hedge funds have recently added to or reduced their stakes in PSI. Harbor Asset Planning Inc. purchased a new position in Invesco Semiconductors ETF during the 2nd quarter valued at about $39,000. Simplex Trading LLC increased its holdings in Invesco Semiconductors ETF by 818.3% during the 2nd quarter. Simplex Trading LLC now owns 753 shares of the company’s stock valued at $45,000 after acquiring an additional 671 shares in the last quarter. NBC Securities Inc. increased its holdings in 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 in the last quarter. Farther Finance Advisors LLC increased its holdings in Invesco Semiconductors ETF by 458.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,005 shares of the company’s stock valued at $60,000 after acquiring an additional 825 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in Invesco Semiconductors ETF by 21.3% during the 1st quarter. Spire Wealth Management now owns 2,504 shares of the company’s stock valued at $119,000 after acquiring an additional 439 shares in the last quarter.

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.