U.S. Capital Wealth Advisors LLC Has $315,000 Stock Position in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)

U.S. Capital Wealth Advisors LLC trimmed its position in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 9.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,316 shares of the company’s stock after selling 794 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Invesco PHLX Semiconductor ETF were worth $315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SOXQ. Jane Street Group LLC bought a new position in Invesco PHLX Semiconductor ETF during the first quarter valued at approximately $7,190,000. Cambridge Investment Research Advisors Inc. raised its position in 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 acquiring an additional 27,006 shares in the last quarter. Banco BTG Pactual S.A. raised its position in Invesco PHLX Semiconductor ETF by 167.8% during the first quarter. Banco BTG Pactual S.A. now owns 79,645 shares of the company’s stock valued at $3,074,000 after acquiring an additional 49,900 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Invesco PHLX Semiconductor ETF by 15.4% during the first quarter. Oppenheimer & Co. Inc. now owns 37,961 shares of the company’s stock valued at $1,465,000 after acquiring an additional 5,054 shares in the last quarter. Finally, Meitav Investment House Ltd. bought a new position in Invesco PHLX Semiconductor ETF during the fourth quarter valued at approximately $1,126,000.

Invesco PHLX Semiconductor ETF Stock Down 0.5 %

Shares of NASDAQ:SOXQ traded down $0.17 during trading on Friday, reaching $37.12. The stock had a trading volume of 371,672 shares, compared to its average volume of 310,849. The stock has a fifty day simple moving average of $42.15 and a two-hundred day simple moving average of $39.03. The firm has a market capitalization of $439.50 million, a price-to-earnings ratio of 29.37 and a beta of 1.56. Invesco PHLX Semiconductor ETF has a 52 week low of $24.82 and a 52 week high of $46.82.

Invesco PHLX Semiconductor ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a dividend of $0.0609 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.24 dividend on an annualized basis and a yield of 0.66%.

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.