Northwestern Mutual Wealth Management Co. Acquires 67,534 Shares of Invesco Semiconductors ETF $PSI

Northwestern Mutual Wealth Management Co. grew its holdings in Invesco Semiconductors ETF (NYSEARCA:PSI) by 199.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 101,326 shares of the company’s stock after purchasing an additional 67,534 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.79% of Invesco Semiconductors ETF worth $7,859,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new position in shares of Invesco Semiconductors ETF in the 4th quarter valued at $35,000. International Assets Investment Management LLC bought a new position in shares of Invesco Semiconductors ETF in the 4th quarter valued at $60,000. Harbor Asset Planning Inc. increased its stake in shares of Invesco Semiconductors ETF by 20.7% in the 4th quarter. Harbor Asset Planning Inc. now owns 782 shares of the company’s stock valued at $62,000 after purchasing an additional 134 shares during the last quarter. Allworth Financial LP bought a new position in shares of Invesco Semiconductors ETF in the 3rd quarter valued at $134,000. Finally, Clarus Wealth Advisors bought a new position in shares of Invesco Semiconductors ETF in the 4th quarter valued at $177,000.

Invesco Semiconductors ETF Stock Performance

Shares of PSI opened at $153.75 on Friday. Invesco Semiconductors ETF has a 52-week low of $50.18 and a 52-week high of $156.17. The business’s fifty day moving average is $118.99 and its 200-day moving average is $98.01. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 29.05 and a beta of 1.78.

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. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.