Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Invesco Semiconductors ETF (NYSEARCA:PSI) saw an uptick in trading volume on Friday . 79,431 shares were traded during trading, an increase of 44% from the previous session’s volume of 55,342 shares.The stock last traded at $63.50 and had previously closed at $62.23.

Invesco Semiconductors ETF Stock Up 1.8 %

The stock has a market cap of $897.97 million, a PE ratio of 7.37 and a beta of 1.77. The company has a fifty day moving average price of $58.36 and a 200 day moving average price of $57.58.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PSI. KKM Financial LLC increased its holdings in Invesco Semiconductors ETF by 1.8% during the 3rd quarter. KKM Financial LLC now owns 12,340 shares of the company’s stock valued at $710,000 after purchasing an additional 215 shares during the period. Western Financial Corp CA increased its position in Invesco Semiconductors ETF by 3.7% during the 3rd quarter. Western Financial Corp CA now owns 6,597 shares of the company’s stock valued at $379,000 after purchasing an additional 237 shares during the period. Valley Brook Capital Group Inc. raised its holdings in Invesco Semiconductors ETF by 5.5% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 10,394 shares of the company’s stock worth $598,000 after purchasing an additional 540 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in shares of Invesco Semiconductors ETF by 6.0% in the 3rd quarter. Koshinski Asset Management Inc. now owns 9,603 shares of the company’s stock worth $552,000 after purchasing an additional 541 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its stake in shares of Invesco Semiconductors ETF by 141.2% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,025 shares of the company’s stock valued at $64,000 after purchasing an additional 600 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.