WESPAC Advisors LLC Takes Position in Invesco Semiconductors ETF (NYSEARCA:PSI)

WESPAC Advisors LLC acquired a new position in Invesco Semiconductors ETF (NYSEARCA:PSI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,998 shares of the company’s stock, valued at approximately $403,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. KKM Financial LLC raised its position in Invesco Semiconductors ETF by 1.8% in the third quarter. KKM Financial LLC now owns 12,340 shares of the company’s stock worth $710,000 after acquiring an additional 215 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Invesco Semiconductors ETF by 111.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 21,043 shares of the company’s stock valued at $1,210,000 after acquiring an additional 11,095 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Invesco Semiconductors ETF in the 3rd quarter worth $337,000. Valley Brook Capital Group Inc. raised its holdings in Invesco Semiconductors ETF by 5.5% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 10,394 shares of the company’s stock worth $598,000 after purchasing an additional 540 shares during the period. Finally, Capstone Triton Financial Group LLC lifted its position in Invesco Semiconductors ETF by 6.3% during the third quarter. Capstone Triton Financial Group LLC now owns 14,872 shares of the company’s stock valued at $855,000 after purchasing an additional 882 shares in the last quarter.

Invesco Semiconductors ETF Stock Performance

NYSEARCA:PSI opened at $56.40 on Friday. The stock has a 50-day simple moving average of $56.38 and a two-hundred day simple moving average of $57.84. Invesco Semiconductors ETF has a 52-week low of $42.76 and a 52-week high of $67.33. The firm has a market capitalization of $799.19 million, a PE ratio of 7.37 and a beta of 1.77.

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.