Raymond James Financial Inc. Buys Shares of 129,409 Invesco Semiconductors ETF (NYSEARCA:PSI)

Raymond James Financial Inc. bought a new stake in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 129,409 shares of the company’s stock, valued at approximately $7,495,000. Raymond James Financial Inc. owned 0.91% of Invesco Semiconductors ETF as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its position in Invesco Semiconductors ETF by 33.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,380 shares of the company’s stock valued at $80,000 after purchasing an additional 345 shares during the period. JPMorgan Chase & Co. grew its position in shares of Invesco Semiconductors ETF by 625.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 47,674 shares of the company’s stock worth $2,742,000 after buying an additional 41,098 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Invesco Semiconductors ETF during the 3rd quarter worth approximately $383,000. FMR LLC grew its position in shares of Invesco Semiconductors ETF by 43.6% during 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 period. Finally, Jane Street Group LLC acquired a new stake in shares of Invesco Semiconductors ETF during the 3rd quarter worth approximately $1,630,000.

Invesco Semiconductors ETF Stock Down 1.1 %

Shares of PSI stock opened at $51.11 on Friday. The company has a market cap of $632.74 million, a price-to-earnings ratio of 24.55 and a beta of 1.40. Invesco Semiconductors ETF has a 52 week low of $46.60 and a 52 week high of $67.33. The firm has a 50 day moving average of $57.31 and a 200-day moving average of $57.12.

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.