Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Position Trimmed by Traphagen Investment Advisors LLC

Traphagen Investment Advisors LLC trimmed its stake in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 10.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,724 shares of the company’s stock after selling 650 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in Invesco PHLX Semiconductor ETF were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. purchased a new position in Invesco PHLX Semiconductor ETF in the fourth quarter valued at about $322,000. Atria Wealth Solutions Inc. bought a new stake in shares of Invesco PHLX Semiconductor ETF in the 4th quarter valued at approximately $557,000. Kovack Advisors Inc. acquired a new position in Invesco PHLX Semiconductor ETF in the fourth quarter worth approximately $430,000. Wealthcare Advisory Partners LLC bought a new position in Invesco PHLX Semiconductor ETF during the fourth quarter valued at approximately $207,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Invesco PHLX Semiconductor ETF by 32.9% in 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 during the last quarter.

Invesco PHLX Semiconductor ETF Stock Down 3.2 %

Shares of SOXQ traded down $1.31 during mid-day trading on Thursday, hitting $40.14. 437,300 shares of the company’s stock were exchanged, compared to its average volume of 313,843. The stock has a market cap of $475.26 million, a price-to-earnings ratio of 29.37 and a beta of 1.56. The firm has a fifty day moving average of $41.87 and a two-hundred day moving average of $39.38. Invesco PHLX Semiconductor ETF has a twelve month low of $24.82 and a twelve month high of $46.82.

Invesco PHLX Semiconductor ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a dividend of $0.0609 per share. This represents a $0.24 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Monday, June 24th.

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.