B. Riley Wealth Advisors Inc. Lowers Stock Position in Invesco Semiconductors ETF (NYSEARCA:PSI)

B. Riley Wealth Advisors Inc. trimmed its holdings in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) by 6.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,844 shares of the company’s stock after selling 1,755 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.18% of Invesco Semiconductors ETF worth $1,406,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Belpointe Asset Management LLC increased its holdings in shares of Invesco Semiconductors ETF by 84.4% in the 2nd quarter. Belpointe Asset Management LLC now owns 10,595 shares of the company’s stock valued at $665,000 after acquiring an additional 4,850 shares during the period. Commonwealth Equity Services LLC grew its stake 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 purchasing an additional 3,296 shares during the last quarter. Newbridge Financial Services Group Inc. raised 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 in the last quarter. Beck Capital Management LLC purchased a new stake in shares of Invesco Semiconductors ETF during the second quarter valued at about $2,052,000. Finally, MFA Wealth Advisors LLC purchased a new stake in shares of Invesco Semiconductors ETF during the second quarter valued at about $31,000.

Invesco Semiconductors ETF Stock Up 1.9 %

Shares of Invesco Semiconductors ETF stock opened at $60.98 on Tuesday. The company has a market cap of $864.09 million, a P/E ratio of 7.37 and a beta of 1.77. The firm’s 50 day moving average price is $57.08 and its 200-day moving average price is $57.83. Invesco Semiconductors ETF has a 52-week low of $45.60 and a 52-week 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.