Invesco PHLX Semiconductor ETF $SOXQ Stock Sold by Sowell Financial Services LLC

Sowell Financial Services LLC lessened its stake in shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 87.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,645 shares of the company’s stock after selling 17,756 shares during the quarter. Sowell Financial Services LLC’s holdings in Invesco PHLX Semiconductor ETF were worth $263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC bought a new stake in Invesco PHLX Semiconductor ETF in the second quarter valued at $625,000. Baird Financial Group Inc. acquired a new position in Invesco PHLX Semiconductor ETF during the second quarter worth $2,191,000. Nwam LLC acquired a new position in Invesco PHLX Semiconductor ETF during the second quarter worth $10,225,000. Pointe Capital Management LLC bought a new position in shares of Invesco PHLX Semiconductor ETF during the second quarter valued at $1,052,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Invesco PHLX Semiconductor ETF by 226.3% during the second quarter. Envestnet Asset Management Inc. now owns 24,012 shares of the company’s stock valued at $2,692,000 after acquiring an additional 16,654 shares during the period.

Invesco PHLX Semiconductor ETF Stock Performance

Shares of NASDAQ:SOXQ opened at $80.85 on Thursday. Invesco PHLX Semiconductor ETF has a 52 week low of $48.51 and a 52 week high of $115.34. The company’s fifty day moving average is $92.85 and its 200-day moving average is $84.92. The company has a market capitalization of $2.65 billion, a PE ratio of 34.20 and a beta of 1.85.

Invesco PHLX Semiconductor ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.0845 per share. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.0773. The ex-dividend date was Monday, September 21st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.4%.

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.