Ladenburg Thalmann Financial Services Inc. Trims Stock Holdings in Invesco Dynamic Semiconductors ETF (NYSEARCA:PSI)

Ladenburg Thalmann Financial Services Inc. lowered its holdings in Invesco Dynamic Semiconductors ETF (NYSEARCA:PSI) by 12.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,312 shares of the company’s stock after selling 1,746 shares during the period. Ladenburg Thalmann Financial Services Inc. owned about 0.38% of Invesco Dynamic Semiconductors ETF worth $668,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PSI. Bank of America Corp DE boosted its holdings in Invesco Dynamic Semiconductors ETF by 78.8% in the second quarter. Bank of America Corp DE now owns 141,292 shares of the company’s stock valued at $7,675,000 after purchasing an additional 62,253 shares during the last quarter. Citadel Advisors LLC purchased a new position in Invesco Dynamic Semiconductors ETF in the second quarter valued at about $2,192,000. Cetera Advisor Networks LLC boosted its holdings in Invesco Dynamic Semiconductors ETF by 127.9% in the second quarter. Cetera Advisor Networks LLC now owns 16,948 shares of the company’s stock valued at $921,000 after purchasing an additional 9,511 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in Invesco Dynamic Semiconductors ETF by 23.7% in the second quarter. Susquehanna International Group LLP now owns 20,339 shares of the company’s stock valued at $1,105,000 after purchasing an additional 3,903 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its holdings in Invesco Dynamic Semiconductors ETF by 2,504.0% in the second quarter. NEXT Financial Group Inc now owns 3,906 shares of the company’s stock valued at $212,000 after purchasing an additional 3,756 shares during the last quarter.

Shares of Invesco Dynamic Semiconductors ETF stock opened at $58.71 on Friday. The business’s 50 day simple moving average is $57.69 and its 200-day simple moving average is $55.41. Invesco Dynamic Semiconductors ETF has a twelve month low of $41.12 and a twelve month high of $60.53.

The business also recently declared a — dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 24th were given a dividend of $0.0978 per share. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 23rd.

Separately, CIBC reissued a “buy” rating and issued a $24.00 price target on shares of Invesco Dynamic Semiconductors ETF in a report on Thursday, July 18th.

Invesco Dynamic 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.

See Also: Bear Market

Want to see what other hedge funds are holding PSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Dynamic Semiconductors ETF (NYSEARCA:PSI).

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

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