Condor Capital Management Increases Position in Invesco PHLX Semiconductor ETF $SOXQ

Condor Capital Management lifted its position in shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 58.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 192,807 shares of the company’s stock after purchasing an additional 70,746 shares during the period. Invesco PHLX Semiconductor ETF makes up approximately 0.9% of Condor Capital Management’s investment portfolio, making the stock its 29th biggest position. Condor Capital Management’s holdings in Invesco PHLX Semiconductor ETF were worth $10,753,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC increased its stake in Invesco PHLX Semiconductor ETF by 0.8% in the 4th quarter. Global Retirement Partners LLC now owns 23,318 shares of the company’s stock worth $1,300,000 after buying an additional 189 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Invesco PHLX Semiconductor ETF by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 81,118 shares of the company’s stock valued at $4,066,000 after acquiring an additional 235 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Invesco PHLX Semiconductor ETF by 5.1% in the second quarter. Cetera Investment Advisers now owns 6,344 shares of the company’s stock worth $277,000 after acquiring an additional 305 shares during the period. Almanack Investment Partners LLC. grew its position in shares of Invesco PHLX Semiconductor ETF by 2.2% during the fourth quarter. Almanack Investment Partners LLC. now owns 15,437 shares of the company’s stock worth $861,000 after purchasing an additional 333 shares in the last quarter. Finally, Equitable Holdings Inc. raised its stake in Invesco PHLX Semiconductor ETF by 4.5% during the 3rd quarter. Equitable Holdings Inc. now owns 10,064 shares of the company’s stock valued at $504,000 after purchasing an additional 434 shares during the period.

Invesco PHLX Semiconductor ETF Trading Up 2.0%

NASDAQ SOXQ opened at $96.05 on Friday. The stock’s 50 day moving average is $74.61 and its 200 day moving average is $64.54. Invesco PHLX Semiconductor ETF has a 12 month low of $36.63 and a 12 month high of $96.87. The stock has a market cap 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. The ex-dividend date was Monday, March 23rd. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.3%.

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.