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

Shares of Invesco Semiconductors ETF (NYSEARCA:PSI) saw an uptick in trading volume on Monday . 134,146 shares traded hands during trading, an increase of 108% from the previous session’s volume of 64,367 shares.The stock last traded at $57.14 and had previously closed at $63.17.

Invesco Semiconductors ETF Price Performance

The company has a 50 day simple moving average of $59.41 and a 200-day simple moving average of $57.33. The stock has a market cap of $815.77 million, a P/E ratio of 7.37 and a beta of 1.77.

Institutional Investors Weigh In On Invesco Semiconductors ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in Invesco Semiconductors ETF by 625.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 47,674 shares of the company’s stock valued at $2,742,000 after purchasing an additional 41,098 shares during the last quarter. Jane Street Group LLC bought a new position in Invesco Semiconductors ETF during the 3rd quarter valued at approximately $1,630,000. Strategic Financial Concepts LLC bought a new position in Invesco Semiconductors ETF during the 4th quarter valued at approximately $807,000. Concourse Financial Group Securities Inc. raised its position in Invesco Semiconductors ETF by 8.8% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 162,486 shares of the company’s stock valued at $9,346,000 after purchasing an additional 13,171 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Invesco Semiconductors ETF by 111.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 21,043 shares of the company’s stock valued at $1,210,000 after purchasing an additional 11,095 shares during 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.