Oppenheimer & Co. Inc. Purchases Shares of 5,853 Invesco Semiconductors ETF (NYSEARCA:PSI)

Oppenheimer & Co. Inc. acquired a new position in Invesco Semiconductors ETF (NYSEARCA:PSI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,853 shares of the company’s stock, valued at approximately $337,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Concourse Financial Group Securities Inc. raised its position in shares of Invesco Semiconductors ETF by 124.0% during the second quarter. Concourse Financial Group Securities Inc. now owns 149,315 shares of the company’s stock valued at $9,378,000 after buying an additional 82,645 shares during the last quarter. LPL Financial LLC raised its holdings in Invesco Semiconductors ETF by 8.4% in the 2nd quarter. LPL Financial LLC now owns 501,244 shares of the company’s stock valued at $31,483,000 after acquiring an additional 38,804 shares in the last quarter. Beck Capital Management LLC acquired a new position in Invesco Semiconductors ETF in the 2nd quarter valued at approximately $2,052,000. EWG Elevate Inc. bought a new stake in shares of Invesco Semiconductors ETF in the 2nd quarter worth approximately $1,311,000. Finally, Bright Futures Wealth Management LLC. acquired a new stake in shares of Invesco Semiconductors ETF during the 1st quarter worth approximately $728,000.

Invesco Semiconductors ETF Trading Up 3.4 %

Shares of NYSEARCA PSI opened at $56.38 on Friday. The firm has a market capitalization of $798.90 million, a price-to-earnings ratio of 7.37 and a beta of 1.77. Invesco Semiconductors ETF has a one year low of $42.76 and a one year high of $67.33. The business has a fifty day simple moving average of $56.34 and a 200 day simple moving average of $57.82.

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.