McGuire Investment Group LLC Has $280,000 Position in Invesco Semiconductors ETF (NYSEARCA:PSI)

McGuire Investment Group LLC reduced its stake in Invesco Semiconductors ETF (NYSEARCA:PSI – Free Report) by 11.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,867 shares of the company’s stock after selling 653 shares during the quarter. McGuire Investment Group LLC’s holdings in Invesco Semiconductors ETF were worth $280,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC acquired a new stake in shares of Invesco Semiconductors ETF in the second quarter valued at approximately $31,000. International Assets Investment Management LLC bought a new stake in shares of Invesco Semiconductors ETF in the second quarter worth $48,000. Newbridge Financial Services Group Inc. grew its stake 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 worth $64,000 after purchasing an additional 600 shares during the last quarter. Comerica Bank grew 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 purchasing an additional 1,346 shares during the last quarter. Finally, Transcendent Capital Group LLC acquired a new position in Invesco Semiconductors ETF in the first quarter valued at $118,000.

Invesco Semiconductors ETF Trading Up 1.7 %

PSI stock traded up $0.96 during midday trading on Friday, hitting $59.12. The stock had a trading volume of 69,369 shares, compared to its average volume of 88,784. The business has a fifty day moving average price of $55.36 and a two-hundred day moving average price of $57.50. Invesco Semiconductors ETF has a 1-year low of $37.34 and a 1-year high of $67.33. The firm has a market cap of $837.73 million, a P/E ratio of 7.37 and a beta of 1.77.

About Invesco Semiconductors ETF

(Free Report)

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.

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