Independent Advisor Alliance Purchases Shares of 9,557 Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)

Independent Advisor Alliance purchased a new stake in shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,557 shares of the company’s stock, valued at approximately $375,000. Independent Advisor Alliance owned 0.08% of Invesco PHLX Semiconductor ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of SOXQ. Silver Oak Securities Incorporated purchased a new position in shares of Invesco PHLX Semiconductor ETF in the fourth quarter valued at about $206,000. Sigma Planning Corp purchased a new position in shares of Invesco PHLX Semiconductor ETF in the fourth quarter valued at about $208,000. Manchester Capital Management LLC lifted its position in shares of Invesco PHLX Semiconductor ETF by 49.5% in the fourth quarter. Manchester Capital Management LLC now owns 5,518 shares of the company’s stock valued at $216,000 after acquiring an additional 1,828 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Invesco PHLX Semiconductor ETF in the third quarter valued at about $221,000. Finally, Pacific Sun Financial Corp purchased a new position in shares of Invesco PHLX Semiconductor ETF in the fourth quarter valued at about $285,000.

Invesco PHLX Semiconductor ETF Stock Up 1.4 %

Shares of Invesco PHLX Semiconductor ETF stock opened at $36.77 on Tuesday. The stock’s 50-day simple moving average is $39.23 and its 200-day simple moving average is $39.64. Invesco PHLX Semiconductor ETF has a 52 week low of $33.70 and a 52 week high of $46.82. The company has a market capitalization of $434.62 million, a price-to-earnings ratio of 30.96 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a $0.0689 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.