Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Shares Acquired by Truist Financial Corp

Truist Financial Corp raised its stake in shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 20.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,087 shares of the company’s stock after acquiring an additional 2,019 shares during the period. Truist Financial Corp owned approximately 0.10% of Invesco PHLX Semiconductor ETF worth $521,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. WASHINGTON TRUST Co acquired a new position in shares of Invesco PHLX Semiconductor ETF in the second quarter valued at approximately $28,000. Beacon Capital Management LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF in the second quarter valued at approximately $55,000. Future Financial Wealth Managment LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF in the first quarter valued at approximately $54,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Invesco PHLX Semiconductor ETF in the first quarter valued at approximately $251,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF in the first quarter valued at approximately $297,000.

Invesco PHLX Semiconductor ETF Stock Performance

Shares of SOXQ stock opened at $40.59 on Thursday. The stock has a market capitalization of $511.43 million, a P/E ratio of 29.37 and a beta of 1.56. The company has a 50 day moving average price of $39.76 and a 200 day moving average price of $40.11. Invesco PHLX Semiconductor ETF has a fifty-two week low of $24.82 and a fifty-two week high of $46.82.

Invesco PHLX Semiconductor ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.068 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.27 dividend on an annualized basis and a yield of 0.67%. This is an increase 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.