Sovran Advisors LLC Makes New Investment in Invesco Semiconductors ETF (NYSEARCA:PSI)

Sovran Advisors LLC acquired a new position in Invesco Semiconductors ETF (NYSEARCA:PSI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,818 shares of the company’s stock, valued at approximately $292,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Strategic Financial Concepts LLC purchased a new stake in Invesco Semiconductors ETF in the 4th quarter worth approximately $807,000. Silver Oak Securities Incorporated purchased a new position in shares of Invesco Semiconductors ETF in the 4th quarter valued at approximately $640,000. Financial Advocates Investment Management purchased a new position in shares of Invesco Semiconductors ETF in the 4th quarter valued at approximately $386,000. Fifth Third Securities Inc. purchased a new position in shares of Invesco Semiconductors ETF in the 4th quarter valued at approximately $299,000. Finally, Strategic Blueprint LLC lifted its stake in shares of Invesco Semiconductors ETF by 1.8% in the 4th quarter. Strategic Blueprint LLC now owns 24,944 shares of the company’s stock valued at $1,445,000 after purchasing an additional 430 shares during the period.

Invesco Semiconductors ETF Stock Down 0.9 %

PSI opened at $58.26 on Thursday. The stock has a market cap of $825.54 million, a PE ratio of 7.37 and a beta of 1.77. The business has a 50 day moving average of $59.97 and a 200-day moving average of $57.26. Invesco Semiconductors ETF has a 52 week low of $46.60 and a 52 week high of $67.33.

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.