Marshall Investment Management LLC Purchases 46,805 Shares of Invesco PHLX Semiconductor ETF $SOXQ

Marshall Investment Management LLC lifted its holdings in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 460.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,979 shares of the company’s stock after purchasing an additional 46,805 shares during the period. Invesco PHLX Semiconductor ETF accounts for approximately 1.5% of Marshall Investment Management LLC’s portfolio, making the stock its 20th biggest holding. Marshall Investment Management LLC owned 0.48% of Invesco PHLX Semiconductor ETF worth $2,856,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SOXQ. Raymond James Financial Inc. boosted its stake in Invesco PHLX Semiconductor ETF by 3.7% during the 3rd quarter. Raymond James Financial Inc. now owns 14,677 shares of the company’s stock valued at $736,000 after purchasing an additional 519 shares during the period. Equitable Holdings Inc. increased its position in Invesco PHLX Semiconductor ETF by 4.5% in the 3rd quarter. Equitable Holdings Inc. now owns 10,064 shares of the company’s stock worth $504,000 after buying an additional 434 shares during the period. NorthRock Partners LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF during the third quarter worth approximately $6,596,000. Bright Futures Wealth Management LLC. acquired a new position in shares of Invesco PHLX Semiconductor ETF during the third quarter worth approximately $737,000. Finally, MAI Capital Management boosted its position in shares of Invesco PHLX Semiconductor ETF by 87.0% in the third quarter. MAI Capital Management now owns 4,300 shares of the company’s stock valued at $216,000 after acquiring an additional 2,000 shares during the period.

Invesco PHLX Semiconductor ETF Trading Up 2.0%

Shares of Invesco PHLX Semiconductor ETF stock opened at $61.41 on Tuesday. Invesco PHLX Semiconductor ETF has a 1 year low of $26.71 and a 1 year high of $66.89. The company’s fifty day simple moving average is $62.65 and its 200-day simple moving average is $56.40. The company has a market cap of $964.14 million, a price-to-earnings ratio of 34.20 and a beta of 1.57.

Invesco PHLX Semiconductor ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.0621 dividend. This represents a $0.25 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, December 22nd.

Invesco PHLX Semiconductor ETF 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.