Sumitomo Mitsui Trust Group Inc. Boosts Stock Holdings in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)

Sumitomo Mitsui Trust Group Inc. grew its holdings in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 58.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 31,000 shares of the company’s stock after buying an additional 11,400 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Invesco PHLX Semiconductor ETF were worth $1,263,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Jane Street Group LLC bought a new position in Invesco PHLX Semiconductor ETF in the first quarter worth about $7,190,000. Truist Financial Corp raised its stake in shares of Invesco PHLX Semiconductor ETF by 20.1% during the 2nd quarter. Truist Financial Corp now owns 12,087 shares of the company’s stock worth $521,000 after acquiring an additional 2,019 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Invesco PHLX Semiconductor ETF by 14.6% during the third quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock valued at $88,000 after acquiring an additional 275 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Invesco PHLX Semiconductor ETF during the first quarter valued at approximately $297,000. Finally, PFG Investments LLC acquired a new stake in Invesco PHLX Semiconductor ETF in the second quarter valued at approximately $477,000.

Invesco PHLX Semiconductor ETF Stock Performance

Shares of NASDAQ SOXQ opened at $38.78 on Wednesday. Invesco PHLX Semiconductor ETF has a fifty-two week low of $28.71 and a fifty-two week high of $46.82. The company has a market cap of $483.97 million, a PE ratio of 29.37 and a beta of 1.56. The business has a 50-day simple moving average of $40.27 and a two-hundred day simple moving average of $40.69.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.068 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.70%. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06.

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.