Truist Financial Corp Buys 41,210 Shares of Invesco Semiconductors ETF $PSI

Truist Financial Corp increased its position in Invesco Semiconductors ETF (NYSEARCA:PSI) by 863.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,981 shares of the company’s stock after buying an additional 41,210 shares during the period. Truist Financial Corp owned 0.36% of Invesco Semiconductors ETF worth $3,626,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BIP Wealth LLC acquired a new position in Invesco Semiconductors ETF during the 4th quarter worth approximately $1,913,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Invesco Semiconductors ETF in the fourth quarter valued at approximately $618,000. Caprock Group LLC acquired a new stake in Invesco Semiconductors ETF in the third quarter valued at approximately $561,000. Arete Wealth Advisors LLC increased its holdings in shares of Invesco Semiconductors ETF by 21.6% during the third quarter. Arete Wealth Advisors LLC now owns 42,262 shares of the company’s stock valued at $2,972,000 after acquiring an additional 7,521 shares in the last quarter. Finally, Warner Group LLC bought a new stake in shares of Invesco Semiconductors ETF during the third quarter valued at approximately $13,566,000.

Invesco Semiconductors ETF Stock Up 2.9%

Shares of NYSEARCA:PSI opened at $156.16 on Tuesday. Invesco Semiconductors ETF has a twelve month low of $50.18 and a twelve month high of $156.17. The stock’s 50 day moving average is $109.29 and its 200-day moving average is $93.56. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 29.05 and a beta of 1.78.

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. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.