Firestone Capital Management Invests $2.68 Million in Invesco Semiconductors ETF $PSI

Firestone Capital Management purchased a new stake in Invesco Semiconductors ETF (NYSEARCA:PSI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,260 shares of the company’s stock, valued at approximately $2,678,000. Firestone Capital Management owned approximately 0.08% of Invesco Semiconductors ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PSI. Royal Bank of Canada raised its position in Invesco Semiconductors ETF by 16.9% in the first quarter. Royal Bank of Canada now owns 91,275 shares of the company’s stock worth $4,325,000 after acquiring an additional 13,163 shares in the last quarter. Jane Street Group LLC purchased a new position in Invesco Semiconductors ETF in the 1st quarter valued at approximately $540,000. Creative Planning acquired a new position in Invesco Semiconductors ETF during the second quarter worth $351,000. Flow Traders U.S. LLC acquired a new position in Invesco Semiconductors ETF during the second quarter worth $365,000. Finally, Ameriprise Financial Inc. boosted its position in Invesco Semiconductors ETF by 833.9% during the second quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock worth $9,129,000 after purchasing an additional 135,576 shares in the last quarter.

Invesco Semiconductors ETF Stock Down 3.0%

Shares of PSI stock opened at $127.93 on Wednesday. The stock has a market cap of $2.15 billion, a P/E ratio of 29.05 and a beta of 1.79. Invesco Semiconductors ETF has a fifty-two week low of $60.78 and a fifty-two week high of $189.24. The business has a fifty day simple moving average of $148.67 and a 200-day simple moving average of $133.31.

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.