HighTower Advisors LLC trimmed its holdings in Invesco Semiconductors ETF (NYSEARCA:PSI – Free Report) by 98.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,795 shares of the company’s stock after selling 406,001 shares during the quarter. HighTower Advisors LLC owned about 0.06% of Invesco Semiconductors ETF worth $449,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. LPL Financial LLC grew its holdings in shares of Invesco Semiconductors ETF by 8.4% in the second quarter. LPL Financial LLC now owns 501,244 shares of the company’s stock valued at $31,483,000 after purchasing an additional 38,804 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Invesco Semiconductors ETF by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 208,227 shares of the company’s stock valued at $13,079,000 after purchasing an additional 10,309 shares during the last quarter. Concourse Financial Group Securities Inc. grew its stake in shares of Invesco Semiconductors ETF by 8.8% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 162,486 shares of the company’s stock valued at $9,346,000 after buying an additional 13,171 shares during the period. Raymond James & Associates grew its stake in shares of Invesco Semiconductors ETF by 4.5% in the 2nd quarter. Raymond James & Associates now owns 97,869 shares of the company’s stock valued at $6,147,000 after buying an additional 4,250 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Invesco Semiconductors ETF by 6.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 58,511 shares of the company’s stock worth $3,675,000 after buying an additional 3,296 shares during the last quarter.
Invesco Semiconductors ETF Stock Performance
PSI opened at $57.95 on Friday. The stock has a market capitalization of $821.15 million, a PE ratio of 7.37 and a beta of 1.77. Invesco Semiconductors ETF has a one year low of $45.60 and a one year high of $67.33. The business’s 50 day moving average price is $57.09 and its 200 day moving average price is $57.83.
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.
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