Wedmont Private Capital Invests $1.08 Million in Invesco Semiconductors ETF $PSI

Wedmont Private Capital bought a new stake in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,742 shares of the company’s stock, valued at approximately $1,078,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PSI. Royal Bank of Canada boosted its position in Invesco Semiconductors ETF by 16.9% during the first quarter. Royal Bank of Canada now owns 91,275 shares of the company’s stock worth $4,325,000 after purchasing an additional 13,163 shares in the last quarter. Jane Street Group LLC acquired a new stake in Invesco Semiconductors ETF in the first quarter valued at approximately $540,000. Creative Planning purchased a new stake in shares of Invesco Semiconductors ETF in the second quarter valued at approximately $351,000. Flow Traders U.S. LLC purchased a new stake in shares of Invesco Semiconductors ETF in the second quarter valued at approximately $365,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Invesco Semiconductors ETF by 833.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock worth $9,129,000 after buying an additional 135,576 shares during the period.

Invesco Semiconductors ETF Price Performance

Shares of NYSEARCA:PSI opened at $139.97 on Wednesday. Invesco Semiconductors ETF has a 1 year low of $64.74 and a 1 year high of $189.24. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 29.05 and a beta of 1.79. The business’s 50 day moving average price is $144.49 and its 200-day moving average price is $134.51.

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.