AE Wealth Management LLC Sells 8,669 Shares of Invesco Semiconductors ETF $PSI

AE Wealth Management LLC lowered its holdings in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) by 88.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,077 shares of the company’s stock after selling 8,669 shares during the period. AE Wealth Management LLC’s holdings in Invesco Semiconductors ETF were worth $76,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Invesco Semiconductors ETF during the 3rd quarter worth approximately $391,000. Focus Financial Network Inc. bought a new position in Invesco Semiconductors ETF during the third quarter worth $220,000. B. Riley Wealth Advisors Inc. acquired a new stake in Invesco Semiconductors ETF in the second quarter worth $727,000. Tower Research Capital LLC TRC increased its stake in Invesco Semiconductors ETF by 170.0% in the second quarter. Tower Research Capital LLC TRC now owns 11,916 shares of the company’s stock valued at $714,000 after purchasing an additional 7,502 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in Invesco Semiconductors ETF by 33.2% in the second quarter. Captrust Financial Advisors now owns 243,386 shares of the company’s stock valued at $14,593,000 after purchasing an additional 60,614 shares in the last quarter.

Invesco Semiconductors ETF Price Performance

PSI stock opened at $99.52 on Tuesday. The company’s 50-day moving average is $86.46 and its 200-day moving average is $75.19. The stock has a market capitalization of $1.28 billion, a PE ratio of 29.05 and a beta of 1.57. Invesco Semiconductors ETF has a 1 year low of $37.64 and a 1 year high of $99.96.

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.