Spire Wealth Management reduced its holdings in Invesco Semiconductors ETF (NYSEARCA:PSI – Free Report) by 36.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,205 shares of the company’s stock after selling 697 shares during the quarter. Spire Wealth Management’s holdings in Invesco Semiconductors ETF were worth $52,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of PSI. MinichMacGregor Wealth Management LLC raised its position in shares of Invesco Semiconductors ETF by 195.5% during the third quarter. MinichMacGregor Wealth Management LLC now owns 7,178 shares of the company’s stock worth $307,000 after acquiring an additional 4,749 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Invesco Semiconductors ETF by 54.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 33,283 shares of the company’s stock worth $4,553,000 after purchasing an additional 11,712 shares during the period. Private Trust Co. NA lifted its position in shares of Invesco Semiconductors ETF by 111.4% in the 2nd quarter. Private Trust Co. NA now owns 981 shares of the company’s stock worth $134,000 after purchasing an additional 517 shares during the period. McGuire Investment Group LLC boosted its stake in shares of Invesco Semiconductors ETF by 200.0% in the 3rd quarter. McGuire Investment Group LLC now owns 5,520 shares of the company’s stock valued at $236,000 after purchasing an additional 3,680 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Invesco Semiconductors ETF by 296.7% during the third quarter. Wealthcare Advisory Partners LLC now owns 28,382 shares of the company’s stock worth $1,215,000 after buying an additional 21,227 shares during the period.
Analysts Set New Price Targets
Separately, Royal Bank of Canada upped their price target on shares of Invesco Semiconductors ETF from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Monday, November 6th.
Invesco Semiconductors ETF Trading Up 0.1 %
PSI opened at $52.68 on Tuesday. Invesco Semiconductors ETF has a 1-year low of $35.67 and a 1-year high of $53.53. The company has a market cap of $761.75 million, a price-to-earnings ratio of 13.59 and a beta of 1.39. The company’s fifty day moving average price is $48.51 and its two-hundred day moving average price is $45.08.
Invesco Semiconductors ETF Company 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.
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