Invesco Semiconductors ETF (NYSEARCA:PSI) Stock Position Raised by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. boosted its stake in Invesco Semiconductors ETF (NYSEARCA:PSI) by 675.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 698 shares of the company’s stock after buying an additional 608 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Invesco Semiconductors ETF were worth $35,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PSI. LPL Financial LLC grew its stake in Invesco Semiconductors ETF by 177.6% in the 3rd quarter. LPL Financial LLC now owns 515,672 shares of the company’s stock valued at $22,071,000 after buying an additional 329,928 shares during the last quarter. HighTower Advisors LLC raised its holdings in Invesco Semiconductors ETF by 211.2% in the 3rd quarter. HighTower Advisors LLC now owns 458,759 shares of the company’s stock worth $19,642,000 after acquiring an additional 311,320 shares during the period. Royal Bank of Canada raised its holdings in Invesco Semiconductors ETF by 217.7% in the 3rd quarter. Royal Bank of Canada now owns 282,370 shares of the company’s stock worth $12,086,000 after acquiring an additional 193,491 shares during the period. Envestnet Asset Management Inc. raised its holdings in Invesco Semiconductors ETF by 200.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 213,785 shares of the company’s stock worth $9,150,000 after acquiring an additional 142,684 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Invesco Semiconductors ETF by 195.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 187,684 shares of the company’s stock worth $8,558,000 after acquiring an additional 124,094 shares during the period.

Invesco Semiconductors ETF Stock Performance

NYSEARCA:PSI opened at $54.98 on Wednesday. The firm’s 50-day moving average is $54.66 and its 200-day moving average is $48.45. Invesco Semiconductors ETF has a 52-week low of $35.67 and a 52-week high of $58.59. The company has a market cap of $784.56 million, a price-to-earnings ratio of 7.56 and a beta of 1.77.

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.