Commonwealth Equity Services LLC Cuts Position in Invesco Semiconductors ETF $PSI

Commonwealth Equity Services LLC cut its stake in Invesco Semiconductors ETF (NYSEARCA:PSI) by 21.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,893 shares of the company’s stock after selling 13,898 shares during the period. Commonwealth Equity Services LLC owned about 0.40% of Invesco Semiconductors ETF worth $4,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BIP Wealth LLC purchased a new stake in Invesco Semiconductors ETF during the fourth quarter valued at about $1,913,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Invesco Semiconductors ETF during the fourth quarter valued at about $618,000. HighTower Advisors LLC boosted its position in Invesco Semiconductors ETF by 205.5% during the fourth quarter. HighTower Advisors LLC now owns 543,240 shares of the company’s stock valued at $42,840,000 after buying an additional 365,438 shares during the period. Truist Financial Corp boosted its position in Invesco Semiconductors ETF by 863.8% during the fourth quarter. Truist Financial Corp now owns 45,981 shares of the company’s stock valued at $3,626,000 after buying an additional 41,210 shares during the period. Finally, Arete Wealth Advisors LLC boosted its position in Invesco Semiconductors ETF by 21.6% during the third quarter. Arete Wealth Advisors LLC now owns 42,262 shares of the company’s stock valued at $2,972,000 after buying an additional 7,521 shares during the period.

Invesco Semiconductors ETF Price Performance

NYSEARCA PSI opened at $145.03 on Monday. The company has a 50-day simple moving average of $131.30 and a two-hundred day simple moving average of $103.88. Invesco Semiconductors ETF has a 12-month low of $53.86 and a 12-month high of $165.18. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 29.05 and a beta of 1.80.

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