Beck Capital Management LLC Acquires New Shares in Invesco Semiconductors ETF (NYSEARCA:PSI)

Beck Capital Management LLC bought a new stake in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 32,667 shares of the company’s stock, valued at approximately $2,052,000. Beck Capital Management LLC owned about 0.23% of Invesco Semiconductors ETF at the end of the most recent quarter.

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

Invesco Semiconductors ETF Stock Performance

Invesco Semiconductors ETF stock opened at $54.88 on Monday. Invesco Semiconductors ETF has a one year low of $37.34 and a one year high of $67.33. The stock has a fifty day moving average of $55.81 and a 200 day moving average of $57.31. The stock has a market cap of $777.65 million, a PE ratio of 7.37 and a beta of 1.77.

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.