Sovran Advisors LLC Acquires Shares of 4,818 Invesco Semiconductors ETF (NYSEARCA:PSI)

Sovran Advisors LLC acquired a new stake in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,818 shares of the company’s stock, valued at approximately $292,000.

A number of other large investors have also added to or reduced their stakes in PSI. FMR LLC raised its stake in Invesco Semiconductors ETF by 43.6% during the third quarter. FMR LLC now owns 2,906 shares of the company’s stock valued at $167,000 after buying an additional 882 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in Invesco Semiconductors ETF during the third quarter valued at $233,000. Golden State Equity Partners raised its stake in Invesco Semiconductors ETF by 21.4% during the third quarter. Golden State Equity Partners now owns 4,460 shares of the company’s stock valued at $257,000 after buying an additional 785 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Invesco Semiconductors ETF during the fourth quarter valued at $297,000. Finally, Fifth Third Securities Inc. purchased a new position in Invesco Semiconductors ETF during the fourth quarter valued at $299,000.

Invesco Semiconductors ETF Trading Down 0.9 %

Invesco Semiconductors ETF stock opened at $58.26 on Thursday. The firm has a market cap of $825.54 million, a price-to-earnings ratio of 7.37 and a beta of 1.77. The stock has a fifty day simple moving average of $59.97 and a two-hundred day simple moving average of $57.26. Invesco Semiconductors ETF has a 12 month low of $46.60 and a 12 month high of $67.33.

Invesco Semiconductors ETF 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.