Bright Futures Wealth Management LLC. Takes Position in Invesco PHLX Semiconductor ETF $SOXQ

Bright Futures Wealth Management LLC. bought a new position in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,714 shares of the company’s stock, valued at approximately $737,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in Invesco PHLX Semiconductor ETF by 54.8% during the 1st quarter. Jane Street Group LLC now owns 38,491 shares of the company’s stock valued at $1,295,000 after buying an additional 13,624 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Invesco PHLX Semiconductor ETF by 6.2% during the second quarter. Envestnet Asset Management Inc. now owns 15,819 shares of the company’s stock valued at $691,000 after acquiring an additional 923 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in shares of Invesco PHLX Semiconductor ETF during the second quarter worth about $397,000. Cetera Investment Advisers grew its stake in shares of Invesco PHLX Semiconductor ETF by 5.1% in the second quarter. Cetera Investment Advisers now owns 6,344 shares of the company’s stock worth $277,000 after purchasing an additional 305 shares during the last quarter. Finally, WBI Investments LLC grew its stake in shares of Invesco PHLX Semiconductor ETF by 70.5% in the second quarter. WBI Investments LLC now owns 31,074 shares of the company’s stock worth $1,357,000 after purchasing an additional 12,848 shares during the last quarter.

Invesco PHLX Semiconductor ETF Price Performance

Shares of NASDAQ:SOXQ opened at $63.76 on Monday. The stock’s 50-day moving average is $61.61 and its 200 day moving average is $55.15. The company has a market cap of $1.00 billion, a PE ratio of 34.20 and a beta of 1.57. Invesco PHLX Semiconductor ETF has a 1 year low of $26.71 and a 1 year high of $66.89.

Invesco PHLX Semiconductor ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.0621 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, December 22nd.

Invesco PHLX Semiconductor ETF 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.