Advisory Services Network LLC Purchases Shares of 6,540 Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)

Advisory Services Network LLC acquired a new stake in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) during the 4th quarter, Holdings Channel reports. The firm acquired 6,540 shares of the company’s stock, valued at approximately $256,000.

A number of other hedge funds have also recently made changes to their positions in SOXQ. Envestnet Asset Management Inc. lifted its holdings in Invesco PHLX Semiconductor ETF by 3.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 14,124 shares of the company’s stock worth $554,000 after purchasing an additional 490 shares in the last quarter. LPL Financial LLC raised its position in shares of Invesco PHLX Semiconductor ETF by 9.1% during the fourth quarter. LPL Financial LLC now owns 412,352 shares of the company’s stock valued at $16,172,000 after buying an additional 34,376 shares during the last quarter. Condor Capital Management purchased a new position in shares of Invesco PHLX Semiconductor ETF in the fourth quarter worth $2,584,000. Creative Financial Designs Inc. ADV boosted its position in shares of Invesco PHLX Semiconductor ETF by 1,262.9% during 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 last quarter. Finally, Harbour Investments Inc. grew its stake in Invesco PHLX Semiconductor ETF by 221.6% during the fourth quarter. Harbour Investments Inc. now owns 968 shares of the company’s stock valued at $38,000 after acquiring an additional 667 shares in the last quarter.

Invesco PHLX Semiconductor ETF Stock Down 0.6 %

Shares of SOXQ stock opened at $30.17 on Friday. The company’s fifty day simple moving average is $35.28 and its two-hundred day simple moving average is $38.49. Invesco PHLX Semiconductor ETF has a 52 week low of $26.71 and a 52 week high of $46.82. The stock has a market cap of $337.30 million, a P/E ratio of 30.96 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Increases Dividend

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

About Invesco PHLX Semiconductor ETF

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.