Kovack Advisors Inc. Raises Stake in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)

Kovack Advisors Inc. boosted its holdings in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 28.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,850 shares of the company’s stock after purchasing an additional 3,750 shares during the quarter. Kovack Advisors Inc. owned about 0.17% of Invesco PHLX Semiconductor ETF worth $650,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stratos Wealth Partners LTD. raised its position in shares of Invesco PHLX Semiconductor ETF by 192.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 75,353 shares of the company’s stock worth $2,476,000 after purchasing an additional 49,614 shares during the last quarter. Meitav Investment House Ltd. bought a new position in shares of Invesco PHLX Semiconductor ETF in the fourth quarter worth approximately $1,126,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Invesco PHLX Semiconductor ETF by 32.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 109,192 shares of the company’s stock valued at $3,588,000 after buying an additional 27,006 shares during the last quarter. Citigroup Inc. bought a new stake in shares of Invesco PHLX Semiconductor ETF during the third quarter valued at approximately $461,000. Finally, Atria Wealth Solutions Inc. purchased a new position in Invesco PHLX Semiconductor ETF in the 4th quarter worth approximately $557,000.

Invesco PHLX Semiconductor ETF Stock Up 1.9 %

Shares of Invesco PHLX Semiconductor ETF stock traded up $0.84 on Thursday, reaching $44.52. The company’s stock had a trading volume of 243,005 shares, compared to its average volume of 250,993. Invesco PHLX Semiconductor ETF has a 52 week low of $24.82 and a 52 week high of $45.72. The firm’s fifty day simple moving average is $40.80 and its two-hundred day simple moving average is $37.39. The company has a market capitalization of $490.61 million, a price-to-earnings ratio of 29.37 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a $0.0609 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.55%.

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.