Financial Advocates Investment Management Buys New Position in Invesco Semiconductors ETF (NYSEARCA:PSI)

Financial Advocates Investment Management purchased a new position in Invesco Semiconductors ETF (NYSEARCA:PSI) during the 4th quarter, HoldingsChannel reports. The firm purchased 6,660 shares of the company’s stock, valued at approximately $386,000.

Several other institutional investors also recently added to or reduced their stakes in PSI. Concourse Financial Group Securities Inc. increased its position in shares of Invesco Semiconductors ETF by 8.8% during the third quarter. Concourse Financial Group Securities Inc. now owns 162,486 shares of the company’s stock valued at $9,346,000 after purchasing an additional 13,171 shares during the period. Koshinski Asset Management Inc. increased its holdings in Invesco Semiconductors ETF by 6.0% in the 3rd quarter. Koshinski Asset Management Inc. now owns 9,603 shares of the company’s stock valued at $552,000 after buying an additional 541 shares during the period. Western Financial Corp CA increased its holdings in Invesco Semiconductors ETF by 3.7% in the 3rd quarter. Western Financial Corp CA now owns 6,597 shares of the company’s stock valued at $379,000 after buying an additional 237 shares during the period. PFG Investments LLC raised its stake in shares of Invesco Semiconductors ETF by 10.1% in the 3rd quarter. PFG Investments LLC now owns 8,821 shares of the company’s stock valued at $507,000 after buying an additional 808 shares in the last quarter. Finally, Valley National Advisers Inc. lifted its holdings in shares of Invesco Semiconductors ETF by 4.1% during the 3rd quarter. Valley National Advisers Inc. now owns 33,968 shares of the company’s stock worth $1,953,000 after acquiring an additional 1,330 shares during the period.

Invesco Semiconductors ETF Stock Down 2.4 %

NYSEARCA:PSI opened at $59.30 on Monday. The firm has a market capitalization of $840.28 million, a PE ratio of 7.37 and a beta of 1.77. Invesco Semiconductors ETF has a 12-month low of $46.60 and a 12-month high of $67.33. The firm has a 50-day moving average price of $59.96 and a 200 day moving average price of $57.21.

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.