Stifel Financial Corp Sells 37,230 Shares of Invesco Semiconductors ETF (NYSEARCA:PSI)

Stifel Financial Corp cut its position in Invesco Semiconductors ETF (NYSEARCA:PSI) by 71.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,965 shares of the company’s stock after selling 37,230 shares during the quarter. Stifel Financial Corp owned approximately 0.11% of Invesco Semiconductors ETF worth $861,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PSI. LPL Financial LLC grew its position in Invesco Semiconductors ETF by 8.4% during the 2nd quarter. LPL Financial LLC now owns 501,244 shares of the company’s stock worth $31,483,000 after purchasing an additional 38,804 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Invesco Semiconductors ETF by 5.2% in the second quarter. Envestnet Asset Management Inc. now owns 208,227 shares of the company’s stock valued at $13,079,000 after acquiring an additional 10,309 shares during the period. Concourse Financial Group Securities Inc. boosted its position in 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 worth $9,346,000 after purchasing an additional 13,171 shares in the last quarter. Raymond James & Associates grew its position in Invesco Semiconductors ETF by 4.5% during the second 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 grew its position 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 valued at $3,675,000 after acquiring an additional 3,296 shares during the period.

Invesco Semiconductors ETF Trading Up 1.1 %

PSI stock opened at $59.91 on Wednesday. The business’s 50-day moving average is $57.14 and its 200 day moving average is $57.80. The stock has a market cap of $848.92 million, a price-to-earnings ratio of 7.37 and a beta of 1.77. Invesco Semiconductors ETF has a 12-month low of $45.60 and a 12-month high of $67.33.

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.