Independent Financial Group LLC acquired a new stake in Invesco Semiconductors ETF (NYSEARCA:PSI – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,005 shares of the company’s stock, valued at approximately $1,039,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. HighTower Advisors LLC raised its stake in shares of Invesco Semiconductors ETF by 205.5% during the 4th quarter. HighTower Advisors LLC now owns 543,240 shares of the company’s stock worth $42,840,000 after buying an additional 365,438 shares during the period. Ameriprise Financial Inc. grew its stake in Invesco Semiconductors ETF by 833.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock valued at $9,129,000 after acquiring an additional 135,576 shares during the period. Trek Financial LLC acquired a new stake in Invesco Semiconductors ETF in the 4th quarter valued at $5,457,000. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco Semiconductors ETF by 199.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 101,326 shares of the company’s stock worth $7,859,000 after acquiring an additional 67,534 shares in the last quarter. Finally, Artesa Financial Group LLC purchased a new stake in Invesco Semiconductors ETF in the 4th quarter worth $5,009,000.
Invesco Semiconductors ETF Stock Performance
NYSEARCA:PSI opened at $143.57 on Tuesday. The stock has a market capitalization of $2.42 billion, a PE ratio of 29.05 and a beta of 1.76. Invesco Semiconductors ETF has a fifty-two week low of $57.31 and a fifty-two week high of $189.24. The company has a fifty day moving average of $159.33 and a two-hundred day moving average of $122.39.
Invesco Semiconductors ETF Profile
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. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.
Further Reading
- Five stocks we like better than Invesco Semiconductors ETF
- The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence
- Is Domino’s Stock Serving Up a Buying Opportunity?
- A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free
- Why Gold Miners Could Be the Market’s Biggest Comeback Story
Want to see what other hedge funds are holding PSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Semiconductors ETF (NYSEARCA:PSI – Free Report).
Receive News & Ratings for Invesco Semiconductors ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Semiconductors ETF and related companies with MarketBeat.com's FREE daily email newsletter.
