GRIMES & Co WEALTH MANAGEMENT LLC Acquires New Shares in Invesco Semiconductors ETF $PSI

GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in Invesco Semiconductors ETF (NYSEARCA:PSI) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,785 shares of the company’s stock, valued at approximately $882,000.

Several other institutional investors have also added to or reduced their stakes in PSI. Rodgers & Associates LTD bought a new stake in shares of Invesco Semiconductors ETF in the 2nd quarter worth $43,092,000. JNBA Financial Advisors purchased a new stake in shares of Invesco Semiconductors ETF during the second quarter valued at $39,620,000. Members Advisory Group LLC boosted its position in shares of Invesco Semiconductors ETF by 293.4% during the second quarter. Members Advisory Group LLC now owns 67,134 shares of the company’s stock valued at $12,609,000 after buying an additional 50,067 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Invesco Semiconductors ETF by 57.4% during the second quarter. Envestnet Asset Management Inc. now owns 69,311 shares of the company’s stock valued at $13,018,000 after buying an additional 25,263 shares during the last quarter. Finally, M Holdings Securities Inc. increased its holdings in Invesco Semiconductors ETF by 90.9% in the 2nd quarter. M Holdings Securities Inc. now owns 41,118 shares of the company’s stock worth $7,723,000 after buying an additional 19,583 shares in the last quarter.

Invesco Semiconductors ETF Stock Performance

NYSEARCA PSI opened at $112.81 on Thursday. Invesco Semiconductors ETF has a one year low of $66.93 and a one year high of $189.24. The stock has a 50-day moving average of $136.57 and a 200 day moving average of $130.58. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 29.05 and a beta of 1.87.

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.