Invesco Semiconductors ETF $PSI Position Boosted by Simplicity Wealth LLC

Simplicity Wealth LLC boosted its holdings in Invesco Semiconductors ETF (NYSEARCA:PSI) by 88.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,755 shares of the company’s stock after acquiring an additional 6,460 shares during the quarter. Simplicity Wealth LLC owned about 0.07% of Invesco Semiconductors ETF worth $2,097,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PSI. Polaris Financial Partners acquired a new stake in Invesco Semiconductors ETF during the 3rd quarter valued at $1,302,000. Concurrent Investment Advisors LLC purchased a new stake in shares of Invesco Semiconductors ETF in the second quarter valued at $3,081,000. M Holdings Securities Inc. lifted its holdings in shares of Invesco Semiconductors ETF by 90.9% in the second quarter. M Holdings Securities Inc. now owns 41,118 shares of the company’s stock valued at $7,723,000 after purchasing an additional 19,583 shares in the last quarter. MBA Advisors LLC acquired a new stake in shares of Invesco Semiconductors ETF in the second quarter worth $1,191,000. Finally, Rodgers & Associates LTD acquired a new stake in shares of Invesco Semiconductors ETF in the second quarter worth $43,092,000.

Invesco Semiconductors ETF Trading Up 2.7%

Shares of PSI stock opened at $122.10 on Tuesday. Invesco Semiconductors ETF has a 1-year low of $66.93 and a 1-year high of $189.24. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 29.05 and a beta of 1.80. The stock’s fifty day simple moving average is $139.36 and its 200-day simple moving average is $129.43.

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.