Invesco Semiconductors ETF (NYSEARCA:PSI) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in Invesco Semiconductors ETF (NYSEARCA:PSI) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,178 shares of the company’s stock after selling 1,348 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Invesco Semiconductors ETF were worth $8,409,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its stake in Invesco Semiconductors ETF by 60,000.0% during the fourth quarter. Wells Fargo & Company MN now owns 601 shares of the company’s stock valued at $35,000 after buying an additional 600 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of Invesco Semiconductors ETF in the 4th quarter valued at approximately $25,000. Commonwealth Equity Services LLC increased its stake in shares of Invesco Semiconductors ETF by 6.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 67,192 shares of the company’s stock worth $3,892,000 after purchasing an additional 4,009 shares during the last quarter. Independent Advisor Alliance acquired a new position in Invesco Semiconductors ETF during the fourth quarter worth $9,958,000. Finally, Raymond James Financial Inc. bought a new position in shares of Invesco Semiconductors ETF in the 4th quarter valued at approximately $7,495,000.

Invesco Semiconductors ETF Trading Down 0.5 %

Shares of Invesco Semiconductors ETF stock opened at $42.04 on Friday. The stock has a market capitalization of $522.56 million, a price-to-earnings ratio of 21.41 and a beta of 1.47. Invesco Semiconductors ETF has a 1-year low of $37.64 and a 1-year high of $67.33. The firm has a fifty day simple moving average of $50.39 and a 200-day simple moving average of $55.64.

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.