Invesco Dynamic Semiconductors ETF (NYSEARCA:PSI) Position Lessened by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. trimmed its position in shares of Invesco Dynamic Semiconductors ETF (NYSEARCA:PSI) by 12.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,312 shares of the company’s stock after selling 1,746 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Invesco Dynamic Semiconductors ETF were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in PSI. NEXT Financial Group Inc raised its holdings in shares of Invesco Dynamic Semiconductors ETF by 2,504.0% during the second quarter. NEXT Financial Group Inc now owns 3,906 shares of the company’s stock worth $212,000 after acquiring an additional 3,756 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Invesco Dynamic Semiconductors ETF during the second quarter worth $32,000. Advisory Services Network LLC purchased a new stake in shares of Invesco Dynamic Semiconductors ETF during the second quarter worth $31,000. Cetera Advisor Networks LLC raised its holdings in shares of Invesco Dynamic Semiconductors ETF by 127.9% during the second quarter. Cetera Advisor Networks LLC now owns 16,948 shares of the company’s stock worth $921,000 after acquiring an additional 9,511 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Invesco Dynamic Semiconductors ETF by 51.2% during the second quarter. Tower Research Capital LLC TRC now owns 8,303 shares of the company’s stock worth $451,000 after acquiring an additional 2,812 shares in the last quarter.

NYSEARCA PSI opened at $58.71 on Friday. Invesco Dynamic Semiconductors ETF has a fifty-two week low of $41.12 and a fifty-two week high of $60.53. The stock’s 50-day moving average is $57.69 and its two-hundred day moving average is $55.41.

The business also recently announced a — dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.0978 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a yield of 0.7%.

Separately, CIBC reiterated a “buy” rating and set a $24.00 price objective on shares of Invesco Dynamic Semiconductors ETF in a report on Thursday, July 18th.

About Invesco Dynamic 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.

Recommended Story: Different Types of Derivatives

Want to see what other hedge funds are holding PSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Dynamic Semiconductors ETF (NYSEARCA:PSI).

Institutional Ownership by Quarter for Invesco Dynamic Semiconductors ETF (NYSEARCA:PSI)

Receive News & Ratings for Invesco Dynamic Semiconductors ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Dynamic Semiconductors ETF and related companies with MarketBeat.com's FREE daily email newsletter.