Marshall Investment Management LLC Cuts Stock Holdings in Invesco PHLX Semiconductor ETF $SOXQ

Marshall Investment Management LLC trimmed its position in shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 17.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,781 shares of the company’s stock after selling 10,198 shares during the quarter. Invesco PHLX Semiconductor ETF makes up about 1.3% of Marshall Investment Management LLC’s portfolio, making the stock its 28th biggest holding. Marshall Investment Management LLC owned 0.30% of Invesco PHLX Semiconductor ETF worth $2,609,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SOXQ. Qube Research & Technologies Ltd purchased a new stake in Invesco PHLX Semiconductor ETF in the 3rd quarter worth $35,000. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco PHLX Semiconductor ETF by 112.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock worth $42,000 after acquiring an additional 505 shares in the last quarter. Fifth Third Bancorp purchased a new stake in Invesco PHLX Semiconductor ETF in the 3rd quarter worth $101,000. SG Americas Securities LLC purchased a new stake in Invesco PHLX Semiconductor ETF in the 3rd quarter worth $103,000. Finally, Advisory Services Network LLC purchased a new stake in Invesco PHLX Semiconductor ETF in the 3rd quarter worth $180,000.

Invesco PHLX Semiconductor ETF Stock Performance

Shares of NASDAQ SOXQ opened at $96.05 on Tuesday. The firm has a market cap of $1.85 billion, a PE ratio of 34.20 and a beta of 1.74. The firm has a fifty day moving average of $75.33 and a 200 day moving average of $64.89. Invesco PHLX Semiconductor ETF has a one year low of $36.63 and a one year high of $96.87.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.0706 dividend. This represents a $0.28 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, March 23rd. This is a boost 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.