MBA Advisors LLC Invests $1.19 Million in Invesco Semiconductors ETF $PSI

MBA Advisors LLC purchased a new position in Invesco Semiconductors ETF (NYSEARCA:PSI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,340 shares of the company’s stock, valued at approximately $1,191,000.

A number of other large investors have also recently made changes to their positions in PSI. NFSG Corp lifted its holdings in Invesco Semiconductors ETF by 55.6% during the first quarter. NFSG Corp now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Invesco Semiconductors ETF in the first quarter worth about $26,000. Ascentis Independent Advisors purchased a new stake in Invesco Semiconductors ETF during the 1st quarter valued at approximately $28,000. VSM Wealth Advisory LLC purchased a new position in Invesco Semiconductors ETF during the fourth quarter valued at $34,000. Finally, First Bancorp Inc ME purchased a new position in shares of Invesco Semiconductors ETF during the second quarter valued at about $43,000.

Invesco Semiconductors ETF Price Performance

NYSEARCA:PSI opened at $129.21 on Thursday. The stock’s 50 day simple moving average is $147.88 and its two-hundred day simple moving average is $133.52. Invesco Semiconductors ETF has a 1 year low of $61.01 and a 1 year high of $189.24. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 29.05 and a beta of 1.79.

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