Simplicity Wealth LLC purchased a new stake in Invesco Semiconductors ETF (NYSEARCA:PSI – Free Report) in the 1st quarter, HoldingsChannel reports. The fund purchased 7,332 shares of the company’s stock, valued at approximately $692,000.
A number of other hedge funds also recently made changes to their positions in PSI. BIP Wealth LLC bought a new stake in Invesco Semiconductors ETF in the fourth quarter valued at approximately $1,913,000. Hennion & Walsh Asset Management Inc. bought a new position in Invesco Semiconductors ETF during the 4th quarter worth approximately $618,000. Truist Financial Corp raised its holdings in Invesco Semiconductors ETF by 863.8% during the 4th quarter. Truist Financial Corp now owns 45,981 shares of the company’s stock worth $3,626,000 after purchasing an additional 41,210 shares during the last quarter. Wellington Shields & Co. LLC acquired a new position in shares of Invesco Semiconductors ETF in the 4th quarter worth approximately $406,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco Semiconductors ETF by 12.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 37,863 shares of the company’s stock worth $2,986,000 after purchasing an additional 4,071 shares during the period.
Invesco Semiconductors ETF Stock Performance
NYSEARCA:PSI opened at $151.68 on Tuesday. The firm’s fifty day moving average is $159.16 and its 200-day moving average is $119.99. Invesco Semiconductors ETF has a 52 week low of $57.31 and a 52 week high of $189.24. The firm has a market cap of $2.55 billion, a P/E ratio of 29.05 and a beta of 1.76.
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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