HighTower Advisors LLC Buys 365,438 Shares of Invesco Semiconductors ETF $PSI

HighTower Advisors LLC increased its stake in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) by 205.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 543,240 shares of the company’s stock after acquiring an additional 365,438 shares during the quarter. HighTower Advisors LLC owned about 4.23% of Invesco Semiconductors ETF worth $42,840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PSI. VSM Wealth Advisory LLC bought a new position in Invesco Semiconductors ETF during the fourth quarter worth $34,000. Geneos Wealth Management Inc. bought a new position in Invesco Semiconductors ETF during the fourth quarter worth $35,000. International Assets Investment Management LLC bought a new position in Invesco Semiconductors ETF during the fourth quarter worth $60,000. Harbor Asset Planning Inc. increased its position in Invesco Semiconductors ETF by 20.7% during the fourth quarter. Harbor Asset Planning Inc. now owns 782 shares of the company’s stock worth $62,000 after acquiring an additional 134 shares during the period. Finally, Allworth Financial LP bought a new position in Invesco Semiconductors ETF during the third quarter worth $134,000.

Invesco Semiconductors ETF Trading Up 1.1%

Shares of PSI stock opened at $150.72 on Friday. Invesco Semiconductors ETF has a 1 year low of $50.18 and a 1 year high of $156.17. The firm’s fifty day simple moving average is $117.81 and its 200 day simple moving average is $97.62. The firm has a market capitalization of $2.25 billion, a P/E ratio of 29.05 and a beta of 1.78.

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. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.