M Holdings Securities Inc. Takes $1.22 Million Position in Invesco Semiconductors ETF $PSI

M Holdings Securities Inc. bought a new position in Invesco Semiconductors ETF (NYSEARCA:PSI) in the second quarter, HoldingsChannel.com reports. The fund bought 20,326 shares of the company’s stock, valued at approximately $1,219,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Harbor Asset Planning Inc. acquired a new stake in Invesco Semiconductors ETF in the 2nd quarter valued at $39,000. Simplex Trading LLC lifted its holdings in shares of Invesco Semiconductors ETF by 818.3% during the second quarter. Simplex Trading LLC now owns 753 shares of the company’s stock valued at $45,000 after acquiring an additional 671 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Invesco Semiconductors ETF by 458.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,005 shares of the company’s stock valued at $60,000 after purchasing an additional 825 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Invesco Semiconductors ETF in the 2nd quarter valued at $202,000. Finally, WNY Asset Management LLC bought a new stake in shares of Invesco Semiconductors ETF in the 2nd quarter worth about $235,000.

Invesco Semiconductors ETF Stock Down 0.2%

Shares of Invesco Semiconductors ETF stock opened at $80.00 on Friday. Invesco Semiconductors ETF has a 12-month low of $37.64 and a 12-month high of $80.65. The stock has a market capitalization of $996 million, a P/E ratio of 29.05 and a beta of 1.57. The company has a 50-day simple moving average of $74.51 and a 200 day simple moving average of $65.27.

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.