Wellington Shields & Co. LLC Takes $406,000 Position in Invesco Semiconductors ETF $PSI

Wellington Shields & Co. LLC bought a new stake in Invesco Semiconductors ETF (NYSEARCA:PSI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,142 shares of the company’s stock, valued at approximately $406,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. VSM Wealth Advisory LLC purchased a new position in Invesco Semiconductors ETF during the fourth quarter worth about $34,000. Geneos Wealth Management Inc. purchased a new position in Invesco Semiconductors ETF during the fourth quarter worth about $35,000. International Assets Investment Management LLC purchased a new position in Invesco Semiconductors ETF during the fourth quarter worth about $60,000. Harbor Asset Planning Inc. raised its holdings in Invesco Semiconductors ETF by 20.7% during the fourth quarter. Harbor Asset Planning Inc. now owns 782 shares of the company’s stock worth $62,000 after purchasing an additional 134 shares in the last quarter. Finally, Allworth Financial LP purchased a new position in Invesco Semiconductors ETF during the third quarter worth about $134,000.

Invesco Semiconductors ETF Stock Up 5.1%

NYSEARCA PSI opened at $161.63 on Wednesday. The stock has a market capitalization of $2.41 billion, a P/E ratio of 29.05 and a beta of 1.78. Invesco Semiconductors ETF has a 52-week low of $50.18 and a 52-week high of $162.28. The firm has a 50-day moving average price of $121.62 and a 200 day moving average price of $99.29.

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.