Capital Wealth Alliance LLC Has $1.10 Million Position in Invesco Semiconductors ETF (NYSEARCA:PSI)

Capital Wealth Alliance LLC lowered its stake in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) by 26.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,481 shares of the company’s stock after selling 6,243 shares during the quarter. Capital Wealth Alliance LLC owned about 0.12% of Invesco Semiconductors ETF worth $1,098,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millington Financial Advisors LLC grew its stake in shares of Invesco Semiconductors ETF by 9.8% in the fourth quarter. Millington Financial Advisors LLC now owns 81,459 shares of the company’s stock worth $4,032,000 after acquiring an additional 7,285 shares during the last quarter. Truist Financial Corp grew its position in Invesco Semiconductors ETF by 6.6% in the 4th quarter. Truist Financial Corp now owns 57,714 shares of the company’s stock worth $2,857,000 after purchasing an additional 3,597 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in shares of Invesco Semiconductors ETF during the 4th quarter worth about $222,000. MONECO Advisors LLC acquired a new position in shares of Invesco Semiconductors ETF during the fourth quarter valued at about $213,000. Finally, Great Valley Advisor Group Inc. bought a new stake in shares of Invesco Semiconductors ETF in the fourth quarter valued at about $224,000.

Invesco Semiconductors ETF Trading Up 2.7 %

PSI traded up $1.52 on Friday, hitting $58.39. 102,665 shares of the stock traded hands, compared to its average volume of 81,219. The business has a fifty day moving average price of $59.63 and a two-hundred day moving average price of $57.00. The firm has a market capitalization of $827.39 million, a PE ratio of 7.37 and a beta of 1.77. Invesco Semiconductors ETF has a 52 week low of $37.34 and a 52 week high of $67.33.

Invesco Semiconductors ETF Company 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.