Invesco Semiconductors ETF (PSI)
Invesco Semiconductors ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $150.97, up 4.00% on the session, giving a market capitalisation of $2.54B. Its beta of 2.26 implies it has historically moved more than the broad market.
The Invesco Semiconductors ETF (referred to as "the Fund") is designed to mirror the performance of the Dynamic Semiconductor Intellidex Index. Typically, the Fund allocates a minimum of 90% of its total assets to the common equity securities included within this Index. The Index itself aims for capital appreciation, achieved through a rigorous evaluation of companies based on key investment criteria. These include their price momentum, earnings momentum, overall quality, management efficacy, and intrinsic value. It is composed of common stocks from 30 U.S.-based companies, all primarily focused on semiconductor manufacturing. Both the Fund and its underlying Index undergo rebalancing and reconstitution on a quarterly schedule, specifically in February, May, August, and November.
Invesco Semiconductors ETF is most often compared with the following Financial Services names: