Invesco Semiconductors ETF $PSI Stock: M Holdings Securities Inc. Trims Stake

M Holdings Securities Inc. cut its holdings in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) by 41.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,945 shares of the company’s stock after selling 17,173 shares during the quarter. M Holdings Securities Inc. owned about 0.13% of Invesco Semiconductors ETF worth $3,651,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PSI. StoneX Group Inc. acquired a new position in shares of Invesco Semiconductors ETF in the third quarter valued at $426,000. Ashton Thomas Private Wealth LLC raised its position in shares of Invesco Semiconductors ETF by 26.1% in the third quarter. Ashton Thomas Private Wealth LLC now owns 1,725 shares of the company’s stock valued at $263,000 after purchasing an additional 357 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Invesco Semiconductors ETF by 42.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,959 shares of the company’s stock worth $305,000 after buying an additional 585 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Invesco Semiconductors ETF by 6.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 96,563 shares of the company’s stock worth $14,723,000 after buying an additional 5,981 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Invesco Semiconductors ETF during the 3rd quarter worth about $7,166,000.

Invesco Semiconductors ETF Stock Performance

Shares of PSI stock opened at $103.07 on Monday. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 29.05 and a beta of 1.87. The company has a 50-day simple moving average of $135.07 and a 200 day simple moving average of $130.66. Invesco Semiconductors ETF has a 52 week low of $66.93 and a 52 week high of $189.24.

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.