Harbour Investments Inc. Sells 360 Shares of Invesco Semiconductors ETF (NYSEARCA:PSI)

Harbour Investments Inc. reduced its position in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) by 4.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,176 shares of the company’s stock after selling 360 shares during the quarter. Harbour Investments Inc. owned about 0.06% of Invesco Semiconductors ETF worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC acquired a new position in shares of Invesco Semiconductors ETF during the 2nd quarter worth about $31,000. Spire Wealth Management grew its position in shares of Invesco Semiconductors ETF by 41.0% during the 1st quarter. Spire Wealth Management now owns 1,702 shares of the company’s stock worth $96,000 after buying an additional 495 shares during the period. Comerica Bank grew its position in shares of Invesco Semiconductors ETF by 237.0% during the 1st quarter. Comerica Bank now owns 1,914 shares of the company’s stock worth $108,000 after buying an additional 1,346 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of Invesco Semiconductors ETF during the 1st quarter worth about $118,000. Finally, WASHINGTON TRUST Co acquired a new position in shares of Invesco Semiconductors ETF during the 1st quarter worth about $139,000.

Invesco Semiconductors ETF Trading Down 1.5 %

Invesco Semiconductors ETF stock opened at $56.61 on Thursday. The business has a 50-day moving average of $59.09 and a 200-day moving average of $57.23. Invesco Semiconductors ETF has a 1 year low of $37.34 and a 1 year high of $67.33. The firm has a market capitalization of $802.16 million, a P/E ratio of 7.37 and a beta of 1.77.

About Invesco Semiconductors ETF

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.