Polaris Financial Partners Makes New $1.30 Million Investment in Invesco Semiconductors ETF $PSI

Polaris Financial Partners acquired a new stake in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,541 shares of the company’s stock, valued at approximately $1,302,000. Invesco Semiconductors ETF makes up approximately 0.6% of Polaris Financial Partners’ investment portfolio, making the stock its 29th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rodgers & Associates LTD bought a new stake in shares of Invesco Semiconductors ETF in the 2nd quarter valued at about $43,092,000. JNBA Financial Advisors acquired a new stake in Invesco Semiconductors ETF in the second quarter valued at approximately $39,620,000. Cetera Investment Advisers grew its holdings in Invesco Semiconductors ETF by 2.4% in the first quarter. Cetera Investment Advisers now owns 185,677 shares of the company’s stock worth $17,524,000 after purchasing an additional 4,296 shares during the last quarter. Royal Bank of Canada increased its position in shares of Invesco Semiconductors ETF by 5.6% during the first quarter. Royal Bank of Canada now owns 140,433 shares of the company’s stock worth $13,253,000 after purchasing an additional 7,482 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Invesco Semiconductors ETF by 57.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 69,311 shares of the company’s stock valued at $13,018,000 after purchasing an additional 25,263 shares during the last quarter.

Invesco Semiconductors ETF Stock Performance

PSI stock traded up $5.04 on Friday, hitting $160.94. 905,477 shares of the company’s stock were exchanged, compared to its average volume of 336,055. Invesco Semiconductors ETF has a 12-month low of $66.93 and a 12-month high of $189.24. The firm has a 50 day moving average price of $140.47 and a two-hundred day moving average price of $139.96. The stock has a market cap of $3.05 billion, a P/E ratio of 29.05 and a beta of 1.79.

About Invesco Semiconductors ETF

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.