JPMorgan Chase & Co. Has $2.74 Million Stake in Invesco Semiconductors ETF (NYSEARCA:PSI)

JPMorgan Chase & Co. raised its stake in Invesco Semiconductors ETF (NYSEARCA:PSI) by 625.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,674 shares of the company’s stock after purchasing an additional 41,098 shares during the quarter. JPMorgan Chase & Co. owned 0.34% of Invesco Semiconductors ETF worth $2,742,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new position in shares of Invesco Semiconductors ETF during the third quarter valued at about $383,000. MML Investors Services LLC increased its stake in Invesco Semiconductors ETF by 3.4% in the 3rd quarter. MML Investors Services LLC now owns 123,909 shares of the company’s stock valued at $7,127,000 after buying an additional 4,104 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Invesco Semiconductors ETF during the 3rd quarter worth approximately $1,630,000. Benjamin Edwards Inc. purchased a new position in shares of Invesco Semiconductors ETF in the 3rd quarter worth approximately $233,000. Finally, FMR LLC boosted its stake in shares of Invesco Semiconductors ETF by 43.6% in the 3rd quarter. FMR LLC now owns 2,906 shares of the company’s stock worth $167,000 after buying an additional 882 shares during the last quarter.

Invesco Semiconductors ETF Trading Up 2.3 %

Shares of PSI opened at $63.64 on Tuesday. The stock has a 50 day moving average of $58.59 and a 200 day moving average of $57.49. The company has a market capitalization of $901.78 million, a price-to-earnings ratio of 7.37 and a beta of 1.77. Invesco Semiconductors ETF has a 12 month low of $46.60 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.