Bright Futures Wealth Management LLC. Reduces Position in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)

Bright Futures Wealth Management LLC. lessened its stake in shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,839 shares of the company’s stock after selling 607 shares during the quarter. Bright Futures Wealth Management LLC. owned approximately 0.17% of Invesco PHLX Semiconductor ETF worth $634,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its stake in shares of Invesco PHLX Semiconductor ETF by 3.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 14,124 shares of the company’s stock valued at $554,000 after purchasing an additional 490 shares during the period. Harbour Investments Inc. lifted its stake in Invesco PHLX Semiconductor ETF by 221.6% in the fourth quarter. Harbour Investments Inc. now owns 968 shares of the company’s stock worth $38,000 after acquiring an additional 667 shares during the period. Corient Private Wealth LLC lifted its stake in Invesco PHLX Semiconductor ETF by 3.8% in the fourth quarter. Corient Private Wealth LLC now owns 20,114 shares of the company’s stock worth $789,000 after acquiring an additional 734 shares during the period. Eagle Global Advisors LLC lifted its stake in Invesco PHLX Semiconductor ETF by 0.3% in the fourth quarter. Eagle Global Advisors LLC now owns 338,832 shares of the company’s stock worth $13,289,000 after acquiring an additional 1,125 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its stake in Invesco PHLX Semiconductor ETF by 1,262.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,799 shares of the company’s stock worth $71,000 after acquiring an additional 1,667 shares during the period.

Invesco PHLX Semiconductor ETF Stock Down 0.8%

Shares of SOXQ stock opened at $41.08 on Friday. The stock has a fifty day moving average of $36.62 and a 200 day moving average of $37.56. Invesco PHLX Semiconductor ETF has a 52 week low of $26.71 and a 52 week high of $46.82. The firm has a market capitalization of $470.78 million, a price-to-earnings ratio of 28.44 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.0693 dividend. This is a positive change from Invesco PHLX Semiconductor ETF’s previous dividend of $0.07. The ex-dividend date was Monday, March 24th.

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.