Meitav Investment House Ltd. Decreases Holdings in Invesco Semiconductors ETF (NYSEARCA:PSI)

Meitav Investment House Ltd. cut its holdings in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) by 20.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,591 shares of the company’s stock after selling 23,000 shares during the period. Meitav Investment House Ltd. owned 0.65% of Invesco Semiconductors ETF worth $5,268,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PSI. LPL Financial LLC increased its stake in Invesco Semiconductors ETF by 8.4% during the 2nd quarter. LPL Financial LLC now owns 501,244 shares of the company’s stock valued at $31,483,000 after purchasing an additional 38,804 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Invesco Semiconductors ETF by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 208,227 shares of the company’s stock valued at $13,079,000 after acquiring an additional 10,309 shares during the period. Concourse Financial Group Securities Inc. lifted its position in Invesco Semiconductors ETF by 8.8% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 162,486 shares of the company’s stock worth $9,346,000 after acquiring an additional 13,171 shares during the period. Raymond James & Associates grew its stake in Invesco Semiconductors ETF by 4.5% during the 2nd quarter. Raymond James & Associates now owns 97,869 shares of the company’s stock valued at $6,147,000 after purchasing an additional 4,250 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of 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 purchasing an additional 3,296 shares during the period.

Invesco Semiconductors ETF Price Performance

PSI stock opened at $55.42 on Thursday. The firm’s fifty day simple moving average is $56.08 and its 200-day simple moving average is $57.57. Invesco Semiconductors ETF has a 12 month low of $37.34 and a 12 month high of $67.33. The company has a market capitalization of $785.30 million, a P/E ratio of 7.37 and a beta of 1.77.

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.