Meitav Investment House Ltd. Purchases New Stake in Invesco PHLX Semiconductor ETF $SOXQ

Meitav Investment House Ltd. acquired a new position in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 110,220 shares of the company’s stock, valued at approximately $4,812,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SOXQ. Pacific Sun Financial Corp boosted its stake in shares of Invesco PHLX Semiconductor ETF by 38.5% in the 1st quarter. Pacific Sun Financial Corp now owns 10,052 shares of the company’s stock valued at $338,000 after purchasing an additional 2,795 shares during the last quarter. Global X Japan Co. Ltd. lifted its holdings in 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 during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Invesco PHLX Semiconductor ETF by 5.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 107,674 shares of the company’s stock valued at $3,623,000 after buying an additional 5,894 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Invesco PHLX Semiconductor ETF by 5.7% in the first quarter. Oppenheimer & Co. Inc. now owns 23,124 shares of the company’s stock valued at $778,000 after acquiring an additional 1,252 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in Invesco PHLX Semiconductor ETF by 24.6% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 2,241 shares of the company’s stock worth $75,000 after acquiring an additional 442 shares during the period.

Invesco PHLX Semiconductor ETF Stock Up 2.9%

SOXQ stock opened at $53.32 on Tuesday. Invesco PHLX Semiconductor ETF has a twelve month low of $26.71 and a twelve month high of $54.16. The company has a market cap of $589.72 million, a P/E ratio of 34.20 and a beta of 1.56. The business’s fifty day moving average is $46.69 and its 200-day moving average is $41.03.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.0741 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.6%. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.07. The ex-dividend date was Monday, September 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.