Oppenheimer & Co. Inc. purchased a new position in shares of Invesco Semiconductors ETF (NYSEARCA:PSI – Free Report) in the third quarter, HoldingsChannel reports. The institutional investor purchased 4,953 shares of the company’s stock, valued at approximately $755,000.
Several other hedge funds also recently modified their holdings of PSI. Go Invest LLC bought a new stake in shares of Invesco Semiconductors ETF in the third quarter valued at approximately $34,000. First Bancorp Inc ME acquired a new stake in shares of Invesco Semiconductors ETF in the second quarter worth $43,000. Fifth Third Bancorp bought a new position in Invesco Semiconductors ETF during the first quarter worth $26,000. NFSG Corp increased its position in Invesco Semiconductors ETF by 55.6% during the first quarter. NFSG Corp now owns 280 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Finally, Ascentis Independent Advisors bought a new position in Invesco Semiconductors ETF during the first quarter worth $28,000.
Invesco Semiconductors ETF Price Performance
NYSEARCA:PSI opened at $117.88 on Wednesday. The stock has a market cap of $2.26 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 company has a fifty day moving average price of $137.04 and a 200 day moving average price of $130.47.
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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