Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Stake Boosted by Truist Financial Corp

Truist Financial Corp lifted its stake in shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 20.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,484 shares of the company’s stock after purchasing an additional 2,097 shares during the quarter. Truist Financial Corp owned about 0.11% of Invesco PHLX Semiconductor ETF worth $490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in SOXQ. Farther Finance Advisors LLC increased its position in Invesco PHLX Semiconductor ETF by 14.6% in the third quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock worth $88,000 after buying an additional 275 shares during the period. Silver Oak Securities Incorporated bought a new position in shares of Invesco PHLX Semiconductor ETF during the fourth quarter worth about $206,000. HighTower Advisors LLC bought a new position in shares of Invesco PHLX Semiconductor ETF during the third quarter worth about $221,000. Manchester Capital Management LLC increased its holdings in shares of Invesco PHLX Semiconductor ETF by 49.5% in the 4th quarter. Manchester Capital Management LLC now owns 5,518 shares of the company’s stock worth $216,000 after acquiring an additional 1,828 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Invesco PHLX Semiconductor ETF in the 4th quarter valued at about $584,000.

Invesco PHLX Semiconductor ETF Trading Down 4.0 %

NASDAQ SOXQ opened at $36.07 on Tuesday. The company has a 50-day moving average price of $40.13 and a two-hundred day moving average price of $39.98. Invesco PHLX Semiconductor ETF has a 52 week low of $33.70 and a 52 week high of $46.82. The stock has a market cap of $426.35 million, a price-to-earnings ratio of 33.73 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.0689 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.