Strategic Financial Concepts LLC Purchases Shares of 13,940 Invesco Semiconductors ETF (NYSEARCA:PSI)

Strategic Financial Concepts LLC acquired a new position in Invesco Semiconductors ETF (NYSEARCA:PSI) during the fourth quarter, HoldingsChannel reports. The firm acquired 13,940 shares of the company’s stock, valued at approximately $807,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its position in Invesco Semiconductors ETF by 43.6% during the 3rd quarter. FMR LLC now owns 2,906 shares of the company’s stock worth $167,000 after purchasing an additional 882 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of Invesco Semiconductors ETF in the third quarter worth about $233,000. Golden State Equity Partners grew its stake in shares of Invesco Semiconductors ETF by 21.4% in the third quarter. Golden State Equity Partners now owns 4,460 shares of the company’s stock valued at $257,000 after buying an additional 785 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Invesco Semiconductors ETF during the 4th quarter valued at about $297,000. Finally, Fifth Third Securities Inc. acquired a new position in Invesco Semiconductors ETF during the 4th quarter worth approximately $299,000.

Invesco Semiconductors ETF Stock Down 1.3 %

Shares of NYSEARCA:PSI opened at $58.81 on Wednesday. The company has a 50 day moving average of $60.00 and a two-hundred day moving average of $57.25. The company has a market capitalization of $833.34 million, a price-to-earnings ratio of 7.37 and a beta of 1.77. Invesco Semiconductors ETF has a 52-week low of $46.60 and a 52-week high of $67.33.

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.