Truist Financial Corp Has $3.63 Million Holdings in Invesco Semiconductors ETF $PSI

Truist Financial Corp boosted its holdings in Invesco Semiconductors ETF (NYSEARCA:PSI) by 863.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,981 shares of the company’s stock after acquiring an additional 41,210 shares during the quarter. Truist Financial Corp’s holdings in Invesco Semiconductors ETF were worth $3,626,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors increased its holdings in Invesco Semiconductors ETF by 33.2% during the 2nd quarter. Captrust Financial Advisors now owns 243,386 shares of the company’s stock worth $14,593,000 after purchasing an additional 60,614 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Invesco Semiconductors ETF by 21.8% in the third quarter. Bank of America Corp DE now owns 230,135 shares of the company’s stock worth $16,184,000 after purchasing an additional 41,215 shares during the last quarter. Warner Group LLC bought a new position in shares of Invesco Semiconductors ETF in the third quarter valued at approximately $13,566,000. HighTower Advisors LLC lifted its stake in Invesco Semiconductors ETF by 1.0% during the 3rd quarter. HighTower Advisors LLC now owns 177,802 shares of the company’s stock valued at $12,504,000 after acquiring an additional 1,691 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Invesco Semiconductors ETF by 833.9% during the second quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock worth $9,129,000 after purchasing an additional 135,576 shares during the last quarter.

Invesco Semiconductors ETF Trading Up 2.9%

Shares of PSI opened at $156.16 on Tuesday. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 29.05 and a beta of 1.78. The stock has a 50 day moving average of $109.29 and a 200 day moving average of $93.56. Invesco Semiconductors ETF has a 12 month low of $50.18 and a 12 month high of $156.17.

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.