Invesco Dynamic Semiconductors ETF (NYSEARCA:PSI) Stock Crosses Above Fifty Day Moving Average of $58.53

Invesco Dynamic Semiconductors ETF (NYSEARCA:PSI) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $58.53 and traded as high as $59.08. Invesco Dynamic Semiconductors ETF shares last traded at $59.08, with a volume of 922 shares trading hands.

Separately, CIBC reissued a “buy” rating and issued a $24.00 price objective on shares of Invesco Dynamic Semiconductors ETF in a research note on Thursday, July 18th.

The company’s 50 day moving average price is $58.53 and its 200 day moving average price is $55.74.

The firm also recently disclosed a — dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 24th were paid a $0.0978 dividend. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 23rd.

A number of institutional investors have recently modified their holdings of PSI. Bank of America Corp DE lifted its stake in Invesco Dynamic Semiconductors ETF by 78.8% in the second quarter. Bank of America Corp DE now owns 141,292 shares of the company’s stock worth $7,675,000 after acquiring an additional 62,253 shares during the last quarter. Citadel Advisors LLC purchased a new position in Invesco Dynamic Semiconductors ETF in the second quarter worth approximately $2,192,000. Cetera Advisor Networks LLC lifted its stake in Invesco Dynamic Semiconductors ETF by 127.9% in the second quarter. Cetera Advisor Networks LLC now owns 16,948 shares of the company’s stock worth $921,000 after acquiring an additional 9,511 shares during the last quarter. Susquehanna International Group LLP lifted its stake in Invesco Dynamic Semiconductors ETF by 23.7% in the second quarter. Susquehanna International Group LLP now owns 20,339 shares of the company’s stock worth $1,105,000 after acquiring an additional 3,903 shares during the last quarter. Finally, NEXT Financial Group Inc lifted its stake in Invesco Dynamic Semiconductors ETF by 2,504.0% in the second quarter. NEXT Financial Group Inc now owns 3,906 shares of the company’s stock worth $212,000 after acquiring an additional 3,756 shares during the last quarter.

Invesco Dynamic Semiconductors ETF Company Profile (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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