Farther Finance Advisors LLC Buys 825 Shares of Invesco Semiconductors ETF $PSI

Farther Finance Advisors LLC boosted its stake in Invesco Semiconductors ETF (NYSEARCA:PSI) by 458.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,005 shares of the company’s stock after acquiring an additional 825 shares during the period. Farther Finance Advisors LLC’s holdings in Invesco Semiconductors ETF were worth $60,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in PSI. NBC Securities Inc. raised its position in Invesco Semiconductors ETF by 101,600.0% in the first quarter. NBC Securities Inc. now owns 1,017 shares of the company’s stock worth $48,000 after acquiring an additional 1,016 shares during the period. Spire Wealth Management increased its stake in shares of Invesco Semiconductors ETF by 21.3% in the first quarter. Spire Wealth Management now owns 2,504 shares of the company’s stock worth $119,000 after purchasing an additional 439 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Invesco Semiconductors ETF in the second quarter worth about $202,000. HighTower Advisors LLC increased its stake in shares of Invesco Semiconductors ETF by 12.7% in the first quarter. HighTower Advisors LLC now owns 4,409 shares of the company’s stock worth $209,000 after purchasing an additional 497 shares in the last quarter. Finally, Kovack Advisors Inc. increased its stake in shares of Invesco Semiconductors ETF by 26.1% in the first quarter. Kovack Advisors Inc. now owns 5,467 shares of the company’s stock worth $259,000 after purchasing an additional 1,130 shares in the last quarter.

Invesco Semiconductors ETF Stock Down 1.0%

PSI opened at $72.18 on Monday. The company has a market capitalization of $828.63 million, a price-to-earnings ratio of 29.05 and a beta of 1.39. The firm has a 50-day moving average price of $64.63 and a 200-day moving average price of $56.67. Invesco Semiconductors ETF has a twelve month low of $37.64 and a twelve month high of $73.52.

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.