Marshall Investment Management LLC Cuts Stock Position in Invesco PHLX Semiconductor ETF $SOXQ

Marshall Investment Management LLC lessened its holdings in shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 17.9% during the 4th quarter, HoldingsChannel reports. The firm owned 46,781 shares of the company’s stock after selling 10,198 shares during the period. Invesco PHLX Semiconductor ETF comprises approximately 1.3% of Marshall Investment Management LLC’s holdings, making the stock its 28th biggest position. Marshall Investment Management LLC’s holdings in Invesco PHLX Semiconductor ETF were worth $2,609,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Global Retirement Partners LLC boosted its stake in Invesco PHLX Semiconductor ETF by 0.8% during the 4th quarter. Global Retirement Partners LLC now owns 23,318 shares of the company’s stock worth $1,300,000 after purchasing an additional 189 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Invesco PHLX Semiconductor ETF by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 81,118 shares of the company’s stock worth $4,066,000 after purchasing an additional 235 shares during the last quarter. Cetera Investment Advisers boosted its stake in Invesco PHLX Semiconductor ETF by 5.1% during the 2nd quarter. Cetera Investment Advisers now owns 6,344 shares of the company’s stock worth $277,000 after purchasing an additional 305 shares during the last quarter. Almanack Investment Partners LLC. boosted its stake in Invesco PHLX Semiconductor ETF by 2.2% during the 4th quarter. Almanack Investment Partners LLC. now owns 15,437 shares of the company’s stock worth $861,000 after purchasing an additional 333 shares during the last quarter. Finally, Equitable Holdings Inc. boosted 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 worth $504,000 after purchasing an additional 434 shares during the last quarter.

Invesco PHLX Semiconductor ETF Stock Performance

Shares of SOXQ stock opened at $96.05 on Tuesday. The company’s 50-day moving average price is $75.33 and its 200-day moving average price is $64.89. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 34.20 and a beta of 1.74. Invesco PHLX Semiconductor ETF has a twelve month low of $36.63 and a twelve month high of $96.87.

Invesco PHLX Semiconductor ETF Increases Dividend

The company also recently declared 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. This represents a $0.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06.

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.