Invesco Semiconductors ETF (NYSEARCA:PSI) Position Boosted by Truist Financial Corp

Truist Financial Corp raised its holdings in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,714 shares of the company’s stock after acquiring an additional 3,597 shares during the period. Truist Financial Corp’s holdings in Invesco Semiconductors ETF were worth $2,857,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. MV Capital Management Inc. raised its stake in shares of Invesco Semiconductors ETF by 200.0% during the third quarter. MV Capital Management Inc. now owns 750 shares of the company’s stock valued at $32,000 after purchasing an additional 500 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Invesco Semiconductors ETF by 675.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 698 shares of the company’s stock worth $35,000 after buying an additional 608 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Invesco Semiconductors ETF in the 3rd quarter worth approximately $43,000. Global Retirement Partners LLC bought a new position in shares of Invesco Semiconductors ETF in the fourth quarter valued at approximately $66,000. Finally, Capital Investment Advisory Services LLC increased its stake in shares of Invesco Semiconductors ETF by 200.0% during the third quarter. Capital Investment Advisory Services LLC now owns 1,716 shares of the company’s stock valued at $73,000 after acquiring an additional 1,144 shares during the period.

Invesco Semiconductors ETF Price Performance

PSI opened at $55.71 on Wednesday. Invesco Semiconductors ETF has a 1-year low of $36.48 and a 1-year high of $58.59. The company has a market capitalization of $789.41 million, a price-to-earnings ratio of 7.37 and a beta of 1.77. The business has a 50 day moving average price of $54.96 and a two-hundred day moving average price of $49.62.

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.