JNBA Financial Advisors Makes New $39.62 Million Investment in Invesco Semiconductors ETF $PSI

JNBA Financial Advisors bought a new position in Invesco Semiconductors ETF (NYSEARCA:PSIFree Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 210,945 shares of the company’s stock, valued at approximately $39,620,000. Invesco Semiconductors ETF accounts for 2.0% of JNBA Financial Advisors’ portfolio, making the stock its 10th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in PSI. NFSG Corp increased its stake in shares of Invesco Semiconductors ETF by 55.6% during the first quarter. NFSG Corp now owns 280 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Fifth Third Bancorp purchased a new position in Invesco Semiconductors ETF during the first quarter worth about $26,000. Ascentis Independent Advisors acquired a new stake in Invesco Semiconductors ETF in the first quarter valued at about $28,000. VSM Wealth Advisory LLC acquired a new stake in Invesco Semiconductors ETF in the fourth quarter valued at about $34,000. Finally, First Bancorp Inc ME acquired a new stake in Invesco Semiconductors ETF in the second quarter valued at about $43,000.

Invesco Semiconductors ETF Stock Performance

Shares of PSI opened at $131.81 on Monday. The stock’s 50 day moving average is $150.58 and its two-hundred day moving average is $132.91. Invesco Semiconductors ETF has a twelve month low of $60.78 and a twelve month high of $189.24. The firm has a market capitalization of $2.22 billion, a PE ratio of 29.05 and a beta of 1.79.

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. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.

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Institutional Ownership by Quarter for Invesco Semiconductors ETF (NYSEARCA:PSI)

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