Invesco Semiconductors ETF (NYSEARCA:PSI) Shares Bought by Bright Futures Wealth Management LLC.

Bright Futures Wealth Management LLC. lifted its holdings in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) by 2.8% during the 2nd quarter, Holdings Channel reports. The firm owned 12,071 shares of the company’s stock after buying an additional 332 shares during the period. Bright Futures Wealth Management LLC.’s holdings in Invesco Semiconductors ETF were worth $758,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Concourse Financial Group Securities Inc. increased its holdings in Invesco Semiconductors ETF by 124.0% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 149,315 shares of the company’s stock worth $9,378,000 after purchasing an additional 82,645 shares during the period. Raymond James & Associates increased its stake in shares of Invesco Semiconductors ETF by 4.5% during the second quarter. Raymond James & Associates now owns 97,869 shares of the company’s stock worth $6,147,000 after buying an additional 4,250 shares during the period. Commonwealth Equity Services LLC raised its holdings in Invesco Semiconductors ETF by 6.0% in the second quarter. Commonwealth Equity Services LLC now owns 58,511 shares of the company’s stock valued at $3,675,000 after acquiring an additional 3,296 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Invesco Semiconductors ETF by 0.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 52,232 shares of the company’s stock worth $3,281,000 after acquiring an additional 225 shares during the last quarter. Finally, Valley National Advisers Inc. grew its holdings in Invesco Semiconductors ETF by 12.0% during the 2nd quarter. Valley National Advisers Inc. now owns 32,638 shares of the company’s stock worth $2,049,000 after acquiring an additional 3,489 shares in the last quarter.

Invesco Semiconductors ETF Trading Up 1.1 %

Shares of PSI opened at $51.35 on Tuesday. The firm has a market capitalization of $727.63 million, a price-to-earnings ratio of 7.37 and a beta of 1.77. The firm’s fifty day simple moving average is $57.81 and its 200-day simple moving average is $57.37. Invesco Semiconductors ETF has a twelve month low of $37.34 and a twelve month 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.