Farther Finance Advisors LLC Cuts Holdings in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)

Farther Finance Advisors LLC trimmed its holdings in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 64.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 770 shares of the company’s stock after selling 1,391 shares during the period. Farther Finance Advisors LLC’s holdings in Invesco PHLX Semiconductor ETF were worth $30,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Silver Oak Securities Incorporated purchased a new position in shares of Invesco PHLX Semiconductor ETF during the fourth quarter valued at approximately $206,000. Sigma Planning Corp bought a new stake in Invesco PHLX Semiconductor ETF during the fourth quarter valued at approximately $208,000. Manchester Capital Management LLC increased its holdings in Invesco PHLX Semiconductor ETF by 49.5% during the fourth quarter. Manchester Capital Management LLC now owns 5,518 shares of the company’s stock valued at $216,000 after buying an additional 1,828 shares during the last quarter. HighTower Advisors LLC bought a new stake in Invesco PHLX Semiconductor ETF during the third quarter valued at about $221,000. Finally, Pacific Sun Financial Corp purchased a new position in Invesco PHLX Semiconductor ETF during the fourth quarter valued at approximately $285,000.

Invesco PHLX Semiconductor ETF Stock Up 2.8 %

NASDAQ:SOXQ opened at $36.92 on Tuesday. Invesco PHLX Semiconductor ETF has a 52 week low of $33.70 and a 52 week high of $46.82. The stock has a market cap of $436.39 million, a PE ratio of 30.96 and a beta of 1.56. The business’s 50-day simple moving average is $38.84 and its two-hundred day simple moving average is $39.55.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a $0.0693 dividend. This is an increase from Invesco PHLX Semiconductor ETF’s previous dividend of $0.07. The ex-dividend date of this dividend is Monday, March 24th.

Invesco PHLX Semiconductor ETF Company 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.