Concourse Financial Group Securities Inc. Buys 13,171 Shares of Invesco Semiconductors ETF (NYSEARCA:PSI)

Concourse Financial Group Securities Inc. raised its holdings in Invesco Semiconductors ETF (NYSEARCA:PSI) by 8.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 162,486 shares of the company’s stock after buying an additional 13,171 shares during the quarter. Concourse Financial Group Securities Inc. owned about 1.15% of Invesco Semiconductors ETF worth $9,346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC purchased a new stake in Invesco Semiconductors ETF in the second quarter valued at about $31,000. International Assets Investment Management LLC purchased a new stake in Invesco Semiconductors ETF in the second quarter valued at about $48,000. Newbridge Financial Services Group Inc. raised its stake in shares of Invesco Semiconductors ETF by 141.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,025 shares of the company’s stock worth $64,000 after purchasing an additional 600 shares during the last quarter. Comerica Bank raised its stake in shares of Invesco Semiconductors ETF by 237.0% in the first quarter. Comerica Bank now owns 1,914 shares of the company’s stock worth $108,000 after purchasing an additional 1,346 shares during the last quarter. Finally, Transcendent Capital Group LLC purchased a new position in shares of Invesco Semiconductors ETF in the first quarter worth about $118,000.

Invesco Semiconductors ETF Stock Up 1.7 %

Shares of NYSEARCA:PSI opened at $59.12 on Friday. Invesco Semiconductors ETF has a 52-week low of $37.34 and a 52-week high of $67.33. The stock has a market cap of $837.73 million, a price-to-earnings ratio of 7.37 and a beta of 1.77. The business has a 50-day moving average price of $55.36 and a 200-day moving average price of $57.50.

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.