MML Investors Services LLC Increases Stake in Invesco Semiconductors ETF (NYSEARCA:PSI)
by Kim Johansen · The Markets DailyMML Investors Services LLC lifted its stake in Invesco Semiconductors ETF (NYSEARCA:PSI – Free Report) by 3.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 123,909 shares of the company’s stock after buying an additional 4,104 shares during the quarter. MML Investors Services LLC’s holdings in Invesco Semiconductors ETF were worth $7,127,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. MFA Wealth Advisors LLC purchased a new position in Invesco Semiconductors ETF during the 2nd quarter valued at approximately $31,000. International Assets Investment Management LLC bought a new stake in Invesco Semiconductors ETF in the second quarter worth $48,000. Newbridge Financial Services Group Inc. raised its stake in Invesco Semiconductors ETF by 141.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,025 shares of the company’s stock valued at $64,000 after purchasing an additional 600 shares in the last quarter. Comerica Bank lifted its position in Invesco Semiconductors ETF by 237.0% during the first quarter. Comerica Bank now owns 1,914 shares of the company’s stock valued at $108,000 after purchasing an additional 1,346 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Invesco Semiconductors ETF by 43.6% in the 3rd quarter. FMR LLC now owns 2,906 shares of the company’s stock worth $167,000 after buying an additional 882 shares in the last quarter.
Invesco Semiconductors ETF Trading Up 2.8 %
Shares of NYSEARCA PSI opened at $59.30 on Thursday. Invesco Semiconductors ETF has a 12-month low of $45.37 and a 12-month high of $67.33. The firm’s 50-day moving average price is $56.90 and its 200-day moving average price is $57.85. The stock has a market capitalization of $840.28 million, a price-to-earnings ratio of 7.37 and a beta of 1.77.
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.
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