Ulland Investment Advisors LLC Cuts Stake in Invesco Semiconductors ETF (NYSEARCA:PSI)

Ulland Investment Advisors LLC cut its holdings in Invesco Semiconductors ETF (NYSEARCA:PSI) by 11.1% during the fourth quarter, Holdings Channel reports. The firm owned 18,551 shares of the company’s stock after selling 2,323 shares during the quarter. Invesco Semiconductors ETF makes up 0.7% of Ulland Investment Advisors LLC’s portfolio, making the stock its 27th biggest holding. Ulland Investment Advisors LLC’s holdings in Invesco Semiconductors ETF were worth $1,074,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PSI. Newbridge Financial Services Group Inc. raised its position in shares of Invesco Semiconductors ETF by 141.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,025 shares of the company’s stock valued at $64,000 after buying an additional 600 shares during the last quarter. FMR LLC increased its holdings in Invesco Semiconductors ETF by 43.6% in the 3rd quarter. FMR LLC now owns 2,906 shares of the company’s stock valued at $167,000 after acquiring an additional 882 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in Invesco Semiconductors ETF in the 3rd quarter valued at $233,000. Golden State Equity Partners lifted its stake in Invesco Semiconductors ETF by 21.4% in the 3rd quarter. Golden State Equity Partners now owns 4,460 shares of the company’s stock worth $257,000 after purchasing an additional 785 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of Invesco Semiconductors ETF during the 2nd quarter valued at about $292,000.

Invesco Semiconductors ETF Stock Up 2.3 %

Shares of Invesco Semiconductors ETF stock opened at $63.64 on Tuesday. The firm has a market cap of $901.78 million, a price-to-earnings ratio of 7.37 and a beta of 1.77. Invesco Semiconductors ETF has a twelve month low of $46.60 and a twelve month high of $67.33. The business has a 50-day moving average price of $58.59 and a 200-day moving average price of $57.49.

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.