Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco Semiconductors ETF (NYSEARCA:PSI – Free Report) by 199.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 101,326 shares of the company’s stock after acquiring an additional 67,534 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco Semiconductors ETF were worth $7,859,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of PSI. Warner Group LLC bought a new stake in Invesco Semiconductors ETF during the 3rd quarter worth $13,566,000. Ameriprise Financial Inc. grew its position in Invesco Semiconductors ETF by 833.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock worth $9,129,000 after acquiring an additional 135,576 shares during the last quarter. Trek Financial LLC bought a new stake in Invesco Semiconductors ETF during the 4th quarter worth $5,457,000. Captrust Financial Advisors grew its position in Invesco Semiconductors ETF by 33.2% during the 2nd quarter. Captrust Financial Advisors now owns 243,386 shares of the company’s stock worth $14,593,000 after acquiring an additional 60,614 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Invesco Semiconductors ETF by 21.8% during the 3rd quarter. Bank of America Corp DE now owns 230,135 shares of the company’s stock worth $16,184,000 after acquiring an additional 41,215 shares during the last quarter.
Invesco Semiconductors ETF Stock Up 2.0%
Shares of PSI stock opened at $153.75 on Friday. The firm has a market capitalization of $2.29 billion, a P/E ratio of 29.05 and a beta of 1.78. Invesco Semiconductors ETF has a twelve month low of $50.18 and a twelve month high of $156.17. The stock’s fifty day simple moving average is $118.99 and its 200 day simple moving average is $98.01.
Invesco Semiconductors ETF Company 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.
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