Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Large Volume Increase – Time to Buy?

Invesco Semiconductors ETF (NYSEARCA:PSI) saw strong trading volume on Tuesday. 375,072 shares traded hands during mid-day trading, an increase of 10% from the previous session’s volume of 341,253 shares. The stock last traded at $127.8110 and had previously closed at $127.82.

Invesco Semiconductors ETF Trading Down 0.6%

The stock has a market cap of $2.59 billion, a P/E ratio of 29.05 and a beta of 1.80. The stock’s fifty day moving average price is $141.83 and its 200 day moving average price is $144.13.

Institutional Investors Weigh In On Invesco Semiconductors ETF

Several hedge funds have recently bought and sold shares of PSI. Rodgers & Associates LTD bought a new position in Invesco Semiconductors ETF during the 2nd quarter valued at approximately $43,092,000. JNBA Financial Advisors bought a new position in shares of Invesco Semiconductors ETF during the second quarter valued at $39,620,000. Cetera Investment Advisers boosted its stake in Invesco Semiconductors ETF by 2.4% in the 1st quarter. Cetera Investment Advisers now owns 185,677 shares of the company’s stock worth $17,524,000 after purchasing an additional 4,296 shares in the last quarter. Royal Bank of Canada increased its stake in Invesco Semiconductors ETF by 5.6% during the 1st quarter. Royal Bank of Canada now owns 140,433 shares of the company’s stock valued at $13,253,000 after purchasing an additional 7,482 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Invesco Semiconductors ETF by 57.4% in the second quarter. Envestnet Asset Management Inc. now owns 69,311 shares of the company’s stock worth $13,018,000 after buying an additional 25,263 shares in the last quarter.

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. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.