Ulland Investment Advisors LLC Sells 3,445 Shares of Invesco Semiconductors ETF (NYSEARCA:PSI)

Ulland Investment Advisors LLC cut its holdings in Invesco Semiconductors ETF (NYSEARCA:PSI) by 14.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,874 shares of the company’s stock after selling 3,445 shares during the quarter. Invesco Semiconductors ETF makes up about 0.9% of Ulland Investment Advisors LLC’s investment portfolio, making the stock its 25th largest position. Ulland Investment Advisors LLC’s holdings in Invesco Semiconductors ETF were worth $1,201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MFA Wealth Advisors LLC bought a new stake in Invesco Semiconductors ETF during the 2nd quarter valued at $31,000. International Assets Investment Management LLC acquired a new stake in Invesco Semiconductors ETF in the second quarter valued at approximately $48,000. Newbridge Financial Services Group Inc. grew its holdings in 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 increased its position in shares of Invesco Semiconductors ETF by 237.0% during 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 in the last quarter. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Invesco Semiconductors ETF during the 1st quarter valued at $118,000.

Invesco Semiconductors ETF Stock Down 3.9 %

Shares of Invesco Semiconductors ETF stock traded down $2.37 during trading on Tuesday, reaching $57.81. The company’s stock had a trading volume of 59,192 shares, compared to its average volume of 88,832. The company has a 50-day simple moving average of $55.58 and a two-hundred day simple moving average of $57.53. Invesco Semiconductors ETF has a 1-year low of $37.34 and a 1-year high of $67.33. The company has a market cap of $819.17 million, a price-to-earnings 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.