Oppenheimer & Co. Inc. Takes Position in Invesco Semiconductors ETF (NYSEARCA:PSI)

Oppenheimer & Co. Inc. bought a new position in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 5,853 shares of the company’s stock, valued at approximately $337,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in Invesco Semiconductors ETF by 0.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 52,232 shares of the company’s stock worth $3,281,000 after acquiring an additional 225 shares during the period. Western Financial Corp CA raised its holdings in Invesco Semiconductors ETF by 3.7% during the 3rd quarter. Western Financial Corp CA now owns 6,597 shares of the company’s stock worth $379,000 after purchasing an additional 237 shares during the last quarter. Bright Futures Wealth Management LLC. boosted its position in Invesco Semiconductors ETF by 2.8% during the second quarter. Bright Futures Wealth Management LLC. now owns 12,071 shares of the company’s stock valued at $758,000 after acquiring an additional 332 shares during the last quarter. Nilsine Partners LLC increased its holdings in Invesco Semiconductors ETF by 1.3% in the second quarter. Nilsine Partners LLC now owns 30,104 shares of the company’s stock worth $1,891,000 after purchasing an additional 397 shares in the last quarter. Finally, MFA Wealth Advisors LLC bought a new position in shares of Invesco Semiconductors ETF during the 2nd quarter worth approximately $31,000.

Invesco Semiconductors ETF Stock Up 3.4 %

Shares of PSI stock opened at $56.38 on Friday. The company has a market cap of $798.90 million, a price-to-earnings ratio of 7.37 and a beta of 1.77. Invesco Semiconductors ETF has a 52 week low of $42.76 and a 52 week high of $67.33. The firm has a 50 day moving average of $56.34 and a 200-day moving average of $57.82.

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.