GRIMES & Co WEALTH MANAGEMENT LLC bought a new position in Invesco Semiconductors ETF (NYSEARCA:PSI – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,785 shares of the company’s stock, valued at approximately $882,000.
A number of other hedge funds have also added to or reduced their stakes in PSI. NFSG Corp lifted its holdings in shares of Invesco Semiconductors ETF by 55.6% during the 1st quarter. NFSG Corp now owns 280 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. Fifth Third Bancorp purchased a new position in shares of Invesco Semiconductors ETF in the 1st quarter worth $26,000. Ascentis Independent Advisors purchased a new position in shares of Invesco Semiconductors ETF in the 1st quarter worth $28,000. Go Invest LLC bought a new stake in shares of Invesco Semiconductors ETF in the third quarter worth $34,000. Finally, First Bancorp Inc ME bought a new stake in shares of Invesco Semiconductors ETF in the second quarter worth $43,000.
Invesco Semiconductors ETF Price Performance
Shares of PSI opened at $112.81 on Thursday. The firm has a market capitalization of $2.16 billion, a P/E ratio of 29.05 and a beta of 1.87. Invesco Semiconductors ETF has a one year low of $66.93 and a one year high of $189.24. The business has a fifty day moving average of $136.57 and a 200 day moving average of $130.58.
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. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.
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