Invesco Semiconductors ETF (NYSEARCA:PSI) Shares Sold by Meitav Investment House Ltd.

Meitav Investment House Ltd. lowered its holdings in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) by 20.1% during the third quarter, HoldingsChannel.com reports. The firm owned 91,591 shares of the company’s stock after selling 23,000 shares during the period. Meitav Investment House Ltd.’s holdings in Invesco Semiconductors ETF were worth $5,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. MFA Wealth Advisors LLC purchased a new stake in shares of Invesco Semiconductors ETF during the second quarter worth about $31,000. International Assets Investment Management LLC acquired a new position in shares of Invesco Semiconductors ETF during the second quarter valued at approximately $48,000. Newbridge Financial Services Group Inc. lifted its position in shares of Invesco Semiconductors ETF by 141.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,025 shares of the company’s stock valued at $64,000 after acquiring an additional 600 shares in the last quarter. Comerica Bank boosted its stake in shares of Invesco Semiconductors ETF by 237.0% in the first quarter. Comerica Bank now owns 1,914 shares of the company’s stock worth $108,000 after acquiring an additional 1,346 shares during the last quarter. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Invesco Semiconductors ETF during the first quarter worth approximately $118,000.

Invesco Semiconductors ETF Stock Performance

Shares of PSI stock opened at $55.42 on Thursday. Invesco Semiconductors ETF has a fifty-two week low of $37.34 and a fifty-two week high of $67.33. The stock’s fifty day moving average is $56.08 and its two-hundred day moving average is $57.57. The firm has a market capitalization of $785.30 million, a P/E ratio of 7.37 and a beta of 1.77.

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.