Northwestern Mutual Wealth Management Co. Grows Stock Position in Invesco Semiconductors ETF $PSI

Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco Semiconductors ETF (NYSEARCA:PSI) by 12.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,863 shares of the company’s stock after acquiring an additional 4,071 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.30% of Invesco Semiconductors ETF worth $2,986,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new stake in shares of Invesco Semiconductors ETF in the fourth quarter valued at about $34,000. Geneos Wealth Management Inc. purchased a new position in shares of Invesco Semiconductors ETF during the 4th quarter worth approximately $35,000. International Assets Investment Management LLC acquired a new position in shares of Invesco Semiconductors ETF during the 4th quarter worth approximately $60,000. Harbor Asset Planning Inc. lifted its stake in 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 buying an additional 134 shares in the last quarter. Finally, Allworth Financial LP purchased a new stake in Invesco Semiconductors ETF in the 3rd quarter valued at approximately $134,000.

Invesco Semiconductors ETF Stock Performance

Invesco Semiconductors ETF stock opened at $161.51 on Friday. The stock has a fifty day moving average of $130.41 and a two-hundred day moving average of $103.37. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 29.05 and a beta of 1.80. Invesco Semiconductors ETF has a fifty-two week low of $53.17 and a fifty-two week high of $165.18.

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