Invesco Semiconductors ETF (PSI) offers exposure to semiconductor companies with strong performance.

From Nasdaq: 2024-05-17 06:20:08

The Invesco Semiconductors ETF (PSI) was launched in 2005 and offers broad exposure to the Technology ETFs sector. It tracks the Dynamic Semiconductor Intellidex Index, focusing on semiconductor companies. With over $824.33 million in assets, PSI has an expense ratio of 0.57% and a 0.24% dividend yield.

Smart beta ETFs like PSI deviate from traditional market cap weighted indexes. They aim to outperform the market through stock selection based on specific characteristics. PSI has seen a 17.11% gain year-to-date and a 52.83% increase over the last 12 months. Its top holdings include Micron Technology Inc, Nvidia Corp, and Qualcomm Inc.

Investors seeking alternatives to PSI can consider ETFs like iShares Semiconductor ETF (SOXX) and VanEck Semiconductor ETF (SMH). These ETFs focus on semiconductor companies and charge an expense ratio of 0.35%. Investors looking for lower-risk options can explore market cap weighted ETFs instead.

For more information and analysis on ETFs, investors can visit the Zacks ETF Center and sign up for the free Fund Newsletter for key updates. The Invesco Semiconductors ETF (PSI) is a solid option for those looking to invest in the Technology ETFs sector.



Read more at Nasdaq: Is Invesco Semiconductors ETF (PSI) a Strong ETF Right Now?