Concurrent Investment Advisors LLC Purchases New Position in Invesco Semiconductors ETF $PSI

Concurrent Investment Advisors LLC purchased a new stake in Invesco Semiconductors ETF (NYSEARCA:PSI) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,405 shares of the company’s stock, valued at approximately $3,081,000.

A number of other large investors have also recently bought and sold shares of the stock. NFSG Corp raised its stake in Invesco Semiconductors ETF by 55.6% during the first quarter. NFSG Corp now owns 280 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of Invesco Semiconductors ETF in the 1st quarter valued at $26,000. Ascentis Independent Advisors acquired a new stake in shares of Invesco Semiconductors ETF in the 1st quarter valued at $28,000. VSM Wealth Advisory LLC bought a new stake in shares of Invesco Semiconductors ETF in the 4th quarter worth about $34,000. Finally, First Bancorp Inc ME bought a new stake in shares of Invesco Semiconductors ETF in the 2nd quarter worth about $43,000.

Invesco Semiconductors ETF Price Performance

Shares of Invesco Semiconductors ETF stock opened at $136.00 on Tuesday. The stock has a market capitalization of $2.29 billion, a P/E ratio of 29.05 and a beta of 1.79. The company has a 50-day simple moving average of $145.45 and a 200 day simple moving average of $134.22. Invesco Semiconductors ETF has a 12-month low of $63.11 and a 12-month high of $189.24.

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.