Polaris Financial Partners Makes New $1.30 Million Investment in Invesco Semiconductors ETF $PSI

Polaris Financial Partners acquired a new position in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) in the third quarter, Holdings Channel.com reports. The firm acquired 8,541 shares of the company’s stock, valued at approximately $1,302,000. Invesco Semiconductors ETF comprises 0.6% of Polaris Financial Partners’ investment portfolio, making the stock its 29th largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rodgers & Associates LTD purchased a new stake in shares of Invesco Semiconductors ETF during the second quarter worth about $43,092,000. JNBA Financial Advisors purchased a new position in Invesco Semiconductors ETF in the 2nd quarter valued at about $39,620,000. Cetera Investment Advisers lifted its stake in Invesco Semiconductors ETF by 2.4% in the 1st quarter. Cetera Investment Advisers now owns 185,677 shares of the company’s stock valued at $17,524,000 after buying an additional 4,296 shares in the last quarter. Royal Bank of Canada boosted its holdings in Invesco Semiconductors ETF by 5.6% in the 1st quarter. Royal Bank of Canada now owns 140,433 shares of the company’s stock worth $13,253,000 after buying an additional 7,482 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Invesco Semiconductors ETF by 57.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 69,311 shares of the company’s stock worth $13,018,000 after buying an additional 25,263 shares in the last quarter.

Invesco Semiconductors ETF Stock Up 3.2%

Shares of Invesco Semiconductors ETF stock traded up $5.04 during mid-day trading on Friday, reaching $160.94. 905,477 shares of the stock traded hands, compared to its average volume of 336,055. The business has a 50-day moving average of $140.47 and a 200 day moving average of $139.96. Invesco Semiconductors ETF has a fifty-two week low of $66.93 and a fifty-two week high of $189.24. The stock has a market capitalization of $3.05 billion, a PE ratio of 29.05 and a beta of 1.79.

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. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.