PFG Investments LLC Reduces Stock Holdings in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)

PFG Investments LLC lowered its position in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 8.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,742 shares of the company’s stock after selling 886 shares during the quarter. PFG Investments LLC owned 0.09% of Invesco PHLX Semiconductor ETF worth $328,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SOXQ. Condor Capital Management purchased a new position in shares of Invesco PHLX Semiconductor ETF in the fourth quarter valued at $2,584,000. D. E. Shaw & Co. Inc. purchased a new position in shares of Invesco PHLX Semiconductor ETF in the fourth quarter valued at $2,532,000. LPL Financial LLC increased its position in shares of Invesco PHLX Semiconductor ETF by 9.1% in the fourth quarter. LPL Financial LLC now owns 412,352 shares of the company’s stock valued at $16,172,000 after buying an additional 34,376 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Invesco PHLX Semiconductor ETF in the fourth quarter valued at $1,176,000. Finally, Global X Japan Co. Ltd. increased its position in shares of Invesco PHLX Semiconductor ETF by 42.5% in the first quarter. Global X Japan Co. Ltd. now owns 89,899 shares of the company’s stock valued at $3,025,000 after buying an additional 26,802 shares in the last quarter.

Invesco PHLX Semiconductor ETF Stock Up 3.8%

Shares of SOXQ stock opened at $42.82 on Wednesday. Invesco PHLX Semiconductor ETF has a fifty-two week low of $26.71 and a fifty-two week high of $46.82. The stock has a market cap of $506.99 million, a P/E ratio of 34.20 and a beta of 1.53. The business has a fifty day simple moving average of $37.04 and a 200-day simple moving average of $37.59.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 23rd will be given a dividend of $0.074 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Monday, June 23rd. This is a boost from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.07.

Invesco PHLX Semiconductor ETF Company Profile

The Invesco PHLX Semiconductor ETF (SOXQ) is an exchange-traded fund that is based on the PHLX / Semiconductor index, a modified market-cap-weighted index of 30 US-listed semiconductor companies. SOXQ was launched on Jun 11, 2021 and is managed by Invesco.