171,925 Shares in Invesco Semiconductors ETF (NYSEARCA:PSI) Acquired by Independent Advisor Alliance

Independent Advisor Alliance acquired a new position in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 171,925 shares of the company’s stock, valued at approximately $9,958,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in Invesco Semiconductors ETF during the fourth quarter worth approximately $7,495,000. MML Investors Services LLC lifted its position in Invesco Semiconductors ETF by 3.4% during the third quarter. MML Investors Services LLC now owns 123,909 shares of the company’s stock worth $7,127,000 after buying an additional 4,104 shares in the last quarter. Millington Financial Advisors LLC lifted its position in Invesco Semiconductors ETF by 0.9% during the fourth quarter. Millington Financial Advisors LLC now owns 89,019 shares of the company’s stock worth $5,231,000 after buying an additional 802 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Invesco Semiconductors ETF by 625.0% during the third quarter. JPMorgan Chase & Co. now owns 47,674 shares of the company’s stock worth $2,742,000 after buying an additional 41,098 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in Invesco Semiconductors ETF by 3.5% during the fourth quarter. Private Advisor Group LLC now owns 41,804 shares of the company’s stock worth $2,421,000 after buying an additional 1,423 shares in the last quarter.

Invesco Semiconductors ETF Stock Performance

Shares of Invesco Semiconductors ETF stock opened at $49.76 on Tuesday. Invesco Semiconductors ETF has a one year low of $46.60 and a one year high of $67.33. The company has a market cap of $625.98 million, a price-to-earnings ratio of 30.13 and a beta of 1.35. The business’s 50 day moving average price is $59.08 and its 200 day moving average price is $57.53.

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.