Truist Financial Corp Sells 1,279 Shares of Invesco Semiconductors ETF (NYSEARCA:PSI)

Truist Financial Corp trimmed its position in Invesco Semiconductors ETF (NYSEARCA:PSI) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,268 shares of the company’s stock after selling 1,279 shares during the period. Truist Financial Corp owned approximately 0.39% of Invesco Semiconductors ETF worth $3,471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. MFA Wealth Advisors LLC bought a new stake in Invesco Semiconductors ETF in the 2nd quarter valued at approximately $31,000. International Assets Investment Management LLC bought a new stake in shares of Invesco Semiconductors ETF in the second quarter worth $48,000. Comerica Bank boosted its holdings in Invesco Semiconductors ETF by 237.0% during the first quarter. Comerica Bank now owns 1,914 shares of the company’s stock worth $108,000 after purchasing an additional 1,346 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in Invesco Semiconductors ETF during the first quarter worth $118,000. Finally, One Capital Management LLC bought a new position in Invesco Semiconductors ETF in the second quarter valued at $206,000.

Invesco Semiconductors ETF Trading Up 0.3 %

Shares of PSI stock opened at $57.41 on Wednesday. The firm’s fifty day moving average price is $55.07 and its two-hundred day moving average price is $57.45. Invesco Semiconductors ETF has a 1 year low of $37.34 and a 1 year high of $67.33. The firm has a market capitalization of $813.50 million, a P/E ratio of 7.37 and a beta of 1.77.

About Invesco Semiconductors ETF

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.