Valley National Advisers Inc. Makes New $1.64 Million Investment in Invesco Semiconductors ETF (NYSEARCA:PSI)

Valley National Advisers Inc. bought a new position in Invesco Semiconductors ETF (NYSEARCA:PSI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 29,149 shares of the company’s stock, valued at approximately $1,644,000. Valley National Advisers Inc. owned 0.20% of Invesco Semiconductors ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in shares of Invesco Semiconductors ETF by 675.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 698 shares of the company’s stock worth $35,000 after purchasing an additional 608 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Invesco Semiconductors ETF during the fourth quarter worth approximately $66,000. IFG Advisory LLC acquired a new stake in shares of Invesco Semiconductors ETF during the fourth quarter worth approximately $205,000. MONECO Advisors LLC acquired a new stake in shares of Invesco Semiconductors ETF during the fourth quarter worth approximately $213,000. Finally, Institute for Wealth Management LLC. acquired a new stake in shares of Invesco Semiconductors ETF during the fourth quarter worth approximately $216,000.

Invesco Semiconductors ETF Trading Up 1.2 %

NYSEARCA PSI traded up $0.77 during trading on Wednesday, reaching $64.40. The company’s stock had a trading volume of 23,215 shares, compared to its average volume of 68,036. The stock has a market capitalization of $912.55 million, a PE ratio of 7.37 and a beta of 1.77. The business has a 50-day moving average price of $59.30 and a 200-day moving average price of $54.67. Invesco Semiconductors ETF has a 1-year low of $37.34 and a 1-year high of $65.34.

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.