Future Financial Wealth Managment LLC Invests $54,000 in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)

Future Financial Wealth Managment LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,391 shares of the company’s stock, valued at approximately $54,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Global Retirement Partners LLC lifted its stake in Invesco PHLX Semiconductor ETF by 51.1% during the fourth quarter. Global Retirement Partners LLC now owns 4,545 shares of the company’s stock valued at $147,000 after buying an additional 1,537 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in shares of Invesco PHLX Semiconductor ETF in the 4th quarter valued at approximately $207,000. Raymond James Financial Services Advisors Inc. acquired a new position in Invesco PHLX Semiconductor ETF in the 4th quarter worth approximately $322,000. Kovack Advisors Inc. purchased a new position in Invesco PHLX Semiconductor ETF during the 4th quarter worth approximately $430,000. Finally, Citigroup Inc. acquired a new stake in Invesco PHLX Semiconductor ETF during the 3rd quarter valued at $461,000.

Invesco PHLX Semiconductor ETF Stock Down 0.3 %

SOXQ opened at $42.96 on Thursday. The firm has a market capitalization of $416.71 million, a P/E ratio of 29.37 and a beta of 1.56. The stock has a fifty day moving average of $39.96 and a 200-day moving average of $36.98. Invesco PHLX Semiconductor ETF has a 12-month low of $24.82 and a 12-month high of $45.72.

Invesco PHLX Semiconductor ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 24th will be given a dividend of $0.0609 per share. The ex-dividend date is Monday, June 24th. This represents a $0.24 dividend on an annualized basis and a yield of 0.57%.

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.