Invesco Semiconductors ETF (NYSEARCA:PSI) Sets New 12-Month Low – What’s Next?

Shares of Invesco Semiconductors ETF (NYSEARCA:PSI) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $45.93 and last traded at $46.59, with a volume of 29856 shares. The stock had previously closed at $47.68.

Invesco Semiconductors ETF Trading Up 0.7 %

The stock has a market cap of $588.03 million, a price-to-earnings ratio of 23.49 and a beta of 1.46. The company has a 50 day simple moving average of $55.56 and a 200-day simple moving average of $57.00.

Invesco Semiconductors ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.0051 dividend. The ex-dividend date was Monday, March 24th.

Institutional Trading of Invesco Semiconductors ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mascagni Wealth Management Inc. bought a new position in shares of Invesco Semiconductors ETF in the 4th quarter valued at about $104,000. Capstone Triton Financial Group LLC lifted its stake in Invesco Semiconductors ETF by 1.9% in the 4th quarter. Capstone Triton Financial Group LLC now owns 15,150 shares of the company’s stock valued at $877,000 after purchasing an additional 278 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in Invesco Semiconductors ETF by 1.1% during the fourth quarter. EP Wealth Advisors LLC now owns 15,818 shares of the company’s stock worth $916,000 after purchasing an additional 171 shares during the period. Cetera Investment Advisers increased its position in Invesco Semiconductors ETF by 5.2% during the fourth quarter. Cetera Investment Advisers now owns 22,412 shares of the company’s stock worth $1,298,000 after buying an additional 1,112 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Invesco Semiconductors ETF by 1.1% during the 4th quarter. Captrust Financial Advisors now owns 195,506 shares of the company’s stock valued at $11,324,000 after purchasing an additional 2,165 shares during 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.