Independent Financial Group LLC Makes New Investment in Invesco Semiconductors ETF $PSI

Independent Financial Group LLC acquired a new stake in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,005 shares of the company’s stock, valued at approximately $1,039,000. Independent Financial Group LLC owned about 0.07% of Invesco Semiconductors ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PSI. HighTower Advisors LLC grew its holdings in Invesco Semiconductors ETF by 205.5% during the fourth quarter. HighTower Advisors LLC now owns 543,240 shares of the company’s stock worth $42,840,000 after acquiring an additional 365,438 shares during the period. Ameriprise Financial Inc. lifted its holdings in Invesco Semiconductors ETF by 833.9% in the second quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock valued at $9,129,000 after acquiring an additional 135,576 shares during the period. Trek Financial LLC purchased a new stake in Invesco Semiconductors ETF in the 4th quarter worth approximately $5,457,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco Semiconductors ETF by 199.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 101,326 shares of the company’s stock worth $7,859,000 after purchasing an additional 67,534 shares during the period. Finally, Artesa Financial Group LLC acquired a new stake in shares of Invesco Semiconductors ETF during the 4th quarter worth approximately $5,009,000.

Invesco Semiconductors ETF Price Performance

NYSEARCA:PSI opened at $143.57 on Tuesday. The company has a 50 day moving average price of $159.33 and a 200-day moving average price of $122.39. Invesco Semiconductors ETF has a 1-year low of $57.31 and a 1-year high of $189.24. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 29.05 and a beta of 1.76.

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.