PFG Advisors Reduces Stake in Invesco Semiconductors ETF (NYSEARCA:PSI)

PFG Advisors decreased its position in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) by 4.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,455 shares of the company’s stock after selling 335 shares during the quarter. PFG Advisors’ holdings in Invesco Semiconductors ETF were worth $374,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its position in Invesco Semiconductors ETF by 33.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,380 shares of the company’s stock worth $80,000 after buying an additional 345 shares during the period. FMR LLC increased its position in Invesco Semiconductors ETF by 43.6% during the third quarter. FMR LLC now owns 2,906 shares of the company’s stock worth $167,000 after buying an additional 882 shares during the period. J.W. Cole Advisors Inc. acquired a new position in Invesco Semiconductors ETF during the fourth quarter worth approximately $203,000. Benjamin Edwards Inc. acquired a new position in Invesco Semiconductors ETF during the third quarter worth approximately $233,000. Finally, Kovack Advisors Inc. acquired a new position in shares of Invesco Semiconductors ETF in the fourth quarter valued at approximately $251,000.

Invesco Semiconductors ETF Trading Up 4.2 %

NYSEARCA:PSI opened at $51.91 on Friday. The firm has a market cap of $642.65 million, a P/E ratio of 24.55 and a beta of 1.40. The stock’s 50 day simple moving average is $58.25 and its 200-day simple moving average is $57.28. Invesco Semiconductors ETF has a 12-month low of $46.60 and a 12-month high of $67.33.

Invesco Semiconductors ETF Company 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.