SeaCrest Wealth Management LLC Takes Position in Invesco Semiconductors ETF (NYSEARCA:PSI)

SeaCrest Wealth Management LLC bought a new position in Invesco Semiconductors ETF (NYSEARCA:PSI) in the second quarter, HoldingsChannel.com reports. The fund bought 6,314 shares of the company’s stock, valued at approximately $397,000.

Several other hedge funds and other institutional investors have also modified their holdings of PSI. MinichMacGregor Wealth Management LLC raised its stake in Invesco Semiconductors ETF by 3.2% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 7,407 shares of the company’s stock worth $367,000 after acquiring an additional 229 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in Invesco Semiconductors ETF by 4.0% during the 4th quarter. Hilltop Holdings Inc. now owns 6,204 shares of the company’s stock valued at $307,000 after purchasing an additional 240 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in Invesco Semiconductors ETF by 5.0% during the 1st quarter. Perigon Wealth Management LLC now owns 6,260 shares of the company’s stock valued at $353,000 after purchasing an additional 300 shares during the last quarter. Spire Wealth Management boosted its position in Invesco Semiconductors ETF by 41.0% in the first quarter. Spire Wealth Management now owns 1,702 shares of the company’s stock valued at $96,000 after buying an additional 495 shares in the last quarter. Finally, Carr Financial Group Corp grew its stake in Invesco Semiconductors ETF by 6.3% during the second quarter. Carr Financial Group Corp now owns 9,939 shares of the company’s stock worth $624,000 after buying an additional 589 shares during the last quarter.

Invesco Semiconductors ETF Stock Performance

Shares of NYSEARCA PSI traded up $1.08 during mid-day trading on Wednesday, hitting $58.51. 28,830 shares of the stock were exchanged, compared to its average volume of 80,396. The company has a market cap of $829.09 million, a P/E ratio of 7.37 and a beta of 1.77. Invesco Semiconductors ETF has a twelve month low of $37.34 and a twelve month high of $67.33. The stock’s fifty day simple moving average is $59.84 and its two-hundred day simple moving average is $56.99.

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.