Bank of America Corp DE Sells 21,749 Shares of Invesco Semiconductors ETF (NYSEARCA:PSI)

Bank of America Corp DE lessened its holdings in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 257,296 shares of the company’s stock after selling 21,749 shares during the period. Bank of America Corp DE owned 1.82% of Invesco Semiconductors ETF worth $14,903,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Steward Partners Investment Advisory LLC boosted its holdings in shares of Invesco Semiconductors ETF by 33.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,380 shares of the company’s stock valued at $80,000 after buying an additional 345 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of Invesco Semiconductors ETF during the 4th quarter valued at $25,000. Strategic Blueprint LLC boosted its holdings in shares of Invesco Semiconductors ETF by 1.8% during the 4th quarter. Strategic Blueprint LLC now owns 24,944 shares of the company’s stock valued at $1,445,000 after buying an additional 430 shares in the last quarter. Valley Brook Capital Group Inc. boosted its stake in Invesco Semiconductors ETF by 5.1% in the 4th quarter. Valley Brook Capital Group Inc. now owns 10,929 shares of the company’s stock worth $633,000 after purchasing an additional 535 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Invesco Semiconductors ETF by 60,000.0% in the 4th quarter. Wells Fargo & Company MN now owns 601 shares of the company’s stock worth $35,000 after purchasing an additional 600 shares in the last quarter.

Invesco Semiconductors ETF Price Performance

Shares of Invesco Semiconductors ETF stock opened at $52.09 on Thursday. The stock has a market cap of $646.96 million, a price-to-earnings ratio of 23.76 and a beta of 1.48. The firm’s 50-day moving average is $47.44 and its 200 day moving average is $54.34. Invesco Semiconductors ETF has a 1 year low of $37.64 and a 1 year high of $67.33.

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.