Invesco Semiconductors ETF (NYSEARCA:PSI) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Invesco Semiconductors ETF (NYSEARCA:PSI)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $57.86 and traded as low as $53.23. Invesco Semiconductors ETF shares last traded at $54.07, with a volume of 47,243 shares changing hands.

Invesco Semiconductors ETF Stock Up 1.5 %

The firm’s fifty day moving average price is $56.22 and its 200 day moving average price is $57.86. The stock has a market cap of $766.17 million, a PE ratio of 7.37 and a beta of 1.77.

Institutional Trading of Invesco Semiconductors ETF

A number of large investors have recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC purchased a new stake in shares of Invesco Semiconductors ETF in the second quarter valued at $31,000. International Assets Investment Management LLC bought a new stake in shares of Invesco Semiconductors ETF in the 2nd quarter valued at about $48,000. Newbridge Financial Services Group Inc. boosted its position in shares of Invesco Semiconductors ETF by 141.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,025 shares of the company’s stock worth $64,000 after purchasing an additional 600 shares in the last quarter. Comerica Bank boosted its holdings in Invesco Semiconductors ETF by 237.0% in the first quarter. Comerica Bank now owns 1,914 shares of the company’s stock worth $108,000 after acquiring an additional 1,346 shares in the last quarter. Finally, Transcendent Capital Group LLC purchased a new stake in Invesco Semiconductors ETF during the 1st quarter worth approximately $118,000.

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.