BIP Wealth LLC Invests $1.91 Million in Invesco Semiconductors ETF $PSI

BIP Wealth LLC acquired a new position in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,252 shares of the company’s stock, valued at approximately $1,913,000. BIP Wealth LLC owned 0.19% of Invesco Semiconductors ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. acquired a new position in shares of Invesco Semiconductors ETF during the second quarter worth about $727,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Invesco Semiconductors ETF during the fourth quarter worth about $618,000. Arete Wealth Advisors LLC lifted its position in shares of Invesco Semiconductors ETF by 21.6% in the third quarter. Arete Wealth Advisors LLC now owns 42,262 shares of the company’s stock worth $2,972,000 after purchasing an additional 7,521 shares in the last quarter. Caprock Group LLC bought a new stake in shares of Invesco Semiconductors ETF in the third quarter worth $561,000. Finally, Warner Group LLC bought a new stake in shares of Invesco Semiconductors ETF in the third quarter worth $13,566,000.

Invesco Semiconductors ETF Stock Up 6.8%

Shares of PSI stock opened at $106.27 on Thursday. The company’s fifty day simple moving average is $97.12 and its 200-day simple moving average is $85.23. The firm has a market cap of $1.43 billion, a PE ratio of 29.05 and a beta of 1.57. Invesco Semiconductors ETF has a 12 month low of $39.37 and a 12 month high of $106.66.

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. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.