HighTower Advisors LLC lifted its stake in Invesco Semiconductors ETF (NYSEARCA:PSI – Free Report) by 211.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 458,759 shares of the company’s stock after acquiring an additional 311,320 shares during the period. HighTower Advisors LLC owned 3.17% of Invesco Semiconductors ETF worth $19,642,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in PSI. Wells Fargo & Company MN grew its stake in Invesco Semiconductors ETF by 2.1% during the 4th quarter. Wells Fargo & Company MN now owns 8,989 shares of the company’s stock worth $900,000 after buying an additional 181 shares during the last quarter. Advisory Services Network LLC grew its stake in Invesco Semiconductors ETF by 1.0% during the 1st quarter. Advisory Services Network LLC now owns 18,837 shares of the company’s stock worth $2,327,000 after buying an additional 195 shares during the last quarter. Cetera Advisor Networks LLC grew its stake in Invesco Semiconductors ETF by 7.8% during the 4th quarter. Cetera Advisor Networks LLC now owns 3,138 shares of the company’s stock worth $314,000 after buying an additional 227 shares during the last quarter. Laurel Wealth Advisors Inc. grew its stake in Invesco Semiconductors ETF by 4.3% during the 4th quarter. Laurel Wealth Advisors Inc. now owns 5,542 shares of the company’s stock worth $555,000 after buying an additional 230 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in Invesco Semiconductors ETF during the 2nd quarter worth $35,000.
Analyst Ratings Changes
Separately, Royal Bank of Canada boosted their target price on Invesco Semiconductors ETF from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Monday, November 6th.
Invesco Semiconductors ETF Stock Up 3.1 %
Shares of PSI opened at $52.62 on Monday. Invesco Semiconductors ETF has a 52 week low of $35.67 and a 52 week high of $52.69. The company has a market capitalization of $760.89 million, a price-to-earnings ratio of 13.59 and a beta of 1.39. The stock’s 50-day moving average price is $48.33 and its 200-day moving average price is $45.04.
Invesco Semiconductors ETF 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.
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