IFG Advisory LLC Acquires New Position in Invesco Semiconductors ETF (NYSEARCA:PSI)

IFG Advisory LLC acquired a new stake in Invesco Semiconductors ETF (NYSEARCA:PSI) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,356 shares of the company’s stock, valued at approximately $274,000.

A number of other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new position in Invesco Semiconductors ETF in the second quarter worth approximately $48,000. Financial Advocates Investment Management purchased a new position in Invesco Semiconductors ETF in the second quarter worth approximately $428,000. Valley Brook Capital Group Inc. lifted its stake in Invesco Semiconductors ETF by 6.5% in the second quarter. Valley Brook Capital Group Inc. now owns 9,854 shares of the company’s stock worth $619,000 after acquiring an additional 600 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Invesco Semiconductors ETF by 0.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 52,232 shares of the company’s stock worth $3,281,000 after acquiring an additional 225 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. lifted its stake in Invesco Semiconductors ETF by 124.0% in the second quarter. Concourse Financial Group Securities Inc. now owns 149,315 shares of the company’s stock worth $9,378,000 after acquiring an additional 82,645 shares during the last quarter.

Invesco Semiconductors ETF Stock Up 1.2 %

Shares of Invesco Semiconductors ETF stock opened at $57.65 on Tuesday. Invesco Semiconductors ETF has a 52-week low of $37.34 and a 52-week high of $67.33. The company has a 50 day moving average of $58.82 and a 200 day moving average of $57.37. The company has a market capitalization of $816.90 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.