Condor Capital Management Purchases 70,746 Shares of Invesco PHLX Semiconductor ETF $SOXQ

Condor Capital Management increased its holdings in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 58.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 192,807 shares of the company’s stock after buying an additional 70,746 shares during the quarter. Invesco PHLX Semiconductor ETF accounts for about 0.9% of Condor Capital Management’s investment portfolio, making the stock its 29th largest position. Condor Capital Management owned approximately 1.23% of Invesco PHLX Semiconductor ETF worth $10,753,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Qube Research & Technologies Ltd bought a new position in Invesco PHLX Semiconductor ETF in the third quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco PHLX Semiconductor ETF by 112.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock worth $42,000 after purchasing an additional 505 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Invesco PHLX Semiconductor ETF in the 3rd quarter worth $101,000. SG Americas Securities LLC bought a new position in Invesco PHLX Semiconductor ETF in the 3rd quarter worth $103,000. Finally, Advisory Services Network LLC bought a new position in Invesco PHLX Semiconductor ETF in the 3rd quarter worth $180,000.

Invesco PHLX Semiconductor ETF Stock Performance

NASDAQ SOXQ opened at $96.05 on Friday. The business’s fifty day moving average is $74.61 and its 200 day moving average is $64.54. Invesco PHLX Semiconductor ETF has a fifty-two week low of $36.63 and a fifty-two week high of $96.87. The company has a market capitalization of $1.85 billion, a PE ratio of 34.20 and a beta of 1.74.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.0706 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, March 23rd. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06.

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.