Raymond James Financial Inc. Purchases New Stake in Invesco Semiconductors ETF (NYSEARCA:PSI)

Raymond James Financial Inc. purchased a new stake in Invesco Semiconductors ETF (NYSEARCA:PSI) in the 4th quarter, HoldingsChannel reports. The fund purchased 129,409 shares of the company’s stock, valued at approximately $7,495,000.

Several other hedge funds have also bought and sold shares of the business. MML Investors Services LLC lifted its stake in Invesco Semiconductors ETF by 3.4% during the 3rd quarter. MML Investors Services LLC now owns 123,909 shares of the company’s stock valued at $7,127,000 after acquiring an additional 4,104 shares in the last quarter. Millington Financial Advisors LLC lifted its stake in Invesco Semiconductors ETF by 0.9% during the 4th quarter. Millington Financial Advisors LLC now owns 89,019 shares of the company’s stock valued at $5,231,000 after acquiring an additional 802 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Invesco Semiconductors ETF by 625.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 47,674 shares of the company’s stock valued at $2,742,000 after acquiring an additional 41,098 shares in the last quarter. Private Advisor Group LLC lifted its stake in Invesco Semiconductors ETF by 3.5% during the 4th quarter. Private Advisor Group LLC now owns 41,804 shares of the company’s stock valued at $2,421,000 after acquiring an additional 1,423 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Invesco Semiconductors ETF during the 3rd quarter valued at $1,630,000.

Invesco Semiconductors ETF Price Performance

NYSEARCA PSI opened at $51.11 on Friday. The stock has a market capitalization of $632.74 million, a price-to-earnings ratio of 24.55 and a beta of 1.40. Invesco Semiconductors ETF has a one year low of $46.60 and a one year high of $67.33. The business’s fifty day moving average is $57.31 and its 200-day moving average is $57.12.

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.