Andina Capital Management LLC Acquires Shares of 4,325 Invesco Semiconductors ETF $PSI

Andina Capital Management LLC acquired a new stake in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) during the fourth quarter, Holdings Channel reports. The firm acquired 4,325 shares of the company’s stock, valued at approximately $341,000.

Other institutional investors also recently added to or reduced their stakes in the company. BIP Wealth LLC acquired a new stake in Invesco Semiconductors ETF during the fourth quarter valued at approximately $1,913,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Invesco Semiconductors ETF in the 4th quarter worth approximately $618,000. HighTower Advisors LLC grew its position in Invesco Semiconductors ETF by 205.5% during the 4th quarter. HighTower Advisors LLC now owns 543,240 shares of the company’s stock worth $42,840,000 after acquiring an additional 365,438 shares during the last quarter. Truist Financial Corp grew its position in Invesco Semiconductors ETF by 863.8% during the 4th quarter. Truist Financial Corp now owns 45,981 shares of the company’s stock worth $3,626,000 after acquiring an additional 41,210 shares during the last quarter. Finally, Arete Wealth Advisors LLC increased its holdings in Invesco Semiconductors ETF by 21.6% during the 3rd quarter. Arete Wealth Advisors LLC now owns 42,262 shares of the company’s stock valued at $2,972,000 after purchasing an additional 7,521 shares in the last quarter.

Invesco Semiconductors ETF Stock Performance

Shares of PSI opened at $163.00 on Friday. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 29.05 and a beta of 1.80. The stock has a fifty day moving average price of $136.21 and a two-hundred day moving average price of $106.23. Invesco Semiconductors ETF has a 52-week low of $54.66 and a 52-week high of $165.18.

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. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.