Rodgers & Associates LTD Takes Position in Invesco Semiconductors ETF $PSI

Rodgers & Associates LTD 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 institutional investor purchased 229,435 shares of the company’s stock, valued at approximately $43,092,000. Invesco Semiconductors ETF accounts for 3.2% of Rodgers & Associates LTD’s holdings, making the stock its 11th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Continuum Advisory LLC purchased a new position in Invesco Semiconductors ETF during the 2nd quarter valued at $99,000. Orion Capital Management LLC purchased a new stake in Invesco Semiconductors ETF in the second quarter worth $56,000. Thrive Wealth Management LLC bought a new stake in shares of Invesco Semiconductors ETF during the second quarter worth $704,000. MBA Advisors LLC purchased a new stake in shares of Invesco Semiconductors ETF during the second quarter valued at $1,191,000. Finally, Firestone Capital Management purchased a new stake in shares of Invesco Semiconductors ETF during the second quarter valued at $2,678,000.

Invesco Semiconductors ETF Trading Up 1.0%

NYSEARCA PSI opened at $129.21 on Thursday. The stock has a market cap of $2.17 billion, a PE ratio of 29.05 and a beta of 1.79. Invesco Semiconductors ETF has a 12 month low of $61.01 and a 12 month high of $189.24. The company’s 50-day moving average price is $147.88 and its 200-day moving average price is $133.52.

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