Invesco Semiconductors ETF (NYSEARCA:PSI) Sets New 52-Week Low – Here’s What Happened

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

Invesco Semiconductors ETF Stock Performance

The company has a market capitalization of $588.03 million, a P/E 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 business also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.0051 per share. The ex-dividend date was Monday, March 24th.

Institutional Trading of Invesco Semiconductors ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EP Wealth Advisors LLC increased its position in shares of Invesco Semiconductors ETF by 1.1% during the fourth quarter. EP Wealth Advisors LLC now owns 15,818 shares of the company’s stock valued at $916,000 after purchasing an additional 171 shares during the period. Capstone Triton Financial Group LLC boosted its stake in Invesco Semiconductors ETF by 1.9% during the fourth quarter. Capstone Triton Financial Group LLC now owns 15,150 shares of the company’s stock worth $877,000 after buying an additional 278 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Invesco Semiconductors ETF by 33.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,380 shares of the company’s stock valued at $80,000 after buying an additional 345 shares during the period. VSM Wealth Advisory LLC acquired a new position in shares of Invesco Semiconductors ETF in the 4th quarter valued at $25,000. Finally, Strategic Blueprint LLC lifted its holdings in shares of Invesco Semiconductors ETF by 1.8% during the 4th quarter. Strategic Blueprint LLC now owns 24,944 shares of the company’s stock worth $1,445,000 after acquiring an additional 430 shares during the period.

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.