Grimes & Company Inc. Invests $513,000 in Invesco Semiconductors ETF $PSI

Grimes & Company Inc. acquired a new stake in Invesco Semiconductors ETF (NYSEARCA:PSI) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 8,553 shares of the company’s stock, valued at approximately $513,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PSI. Farther Finance Advisors LLC lifted its holdings in Invesco Semiconductors ETF by 458.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,005 shares of the company’s stock valued at $60,000 after purchasing an additional 825 shares in the last quarter. NBC Securities Inc. raised its position in shares of Invesco Semiconductors ETF by 101,600.0% in the first quarter. NBC Securities Inc. now owns 1,017 shares of the company’s stock valued at $48,000 after buying an additional 1,016 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Invesco Semiconductors ETF by 21.3% during the first quarter. Spire Wealth Management now owns 2,504 shares of the company’s stock valued at $119,000 after buying an additional 439 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Invesco Semiconductors ETF during the second quarter valued at approximately $202,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in Invesco Semiconductors ETF during the second quarter worth approximately $249,000.

Invesco Semiconductors ETF Stock Performance

PSI stock opened at $73.79 on Tuesday. The company has a 50 day moving average price of $64.87 and a two-hundred day moving average price of $56.83. The stock has a market capitalization of $847.11 million, a P/E ratio of 29.05 and a beta of 1.39. Invesco Semiconductors ETF has a one year low of $37.64 and a one year high of $75.09.

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.