Invesco Dynamic Semiconductors ETF (NYSEARCA:PSI) Sees Strong Trading Volume

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Invesco Dynamic Semiconductors ETF (NYSEARCA:PSIGet Rating) saw strong trading volume on Wednesday . 7,075 shares were traded during mid-day trading, a decline of 88% from the previous session’s volume of 59,968 shares.The stock last traded at $98.94 and had previously closed at $100.14.

The firm has a fifty day moving average of $109.75 and a 200-day moving average of $125.66.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of Invesco Dynamic Semiconductors ETF by 0.4% in the third quarter. Royal Bank of Canada now owns 24,115 shares of the company’s stock worth $3,076,000 after acquiring an additional 96 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its position in shares of Invesco Dynamic Semiconductors ETF by 3.5% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 2,975 shares of the company’s stock valued at $386,000 after purchasing an additional 100 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in shares of Invesco Dynamic Semiconductors ETF by 17.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 762 shares of the company’s stock valued at $99,000 after purchasing an additional 114 shares during the period. CAPROCK Group Inc. grew its position in shares of Invesco Dynamic Semiconductors ETF by 3.6% in the first quarter. CAPROCK Group Inc. now owns 4,977 shares of the company’s stock valued at $645,000 after purchasing an additional 174 shares during the period. Finally, Lincoln National Corp grew its position in shares of Invesco Dynamic Semiconductors ETF by 7.6% in the first quarter. Lincoln National Corp now owns 3,707 shares of the company’s stock valued at $481,000 after purchasing an additional 262 shares during the period.

About Invesco Dynamic Semiconductors ETF (NYSEARCA:PSI)

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.

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