Royal Bank of Canada Grows Position in Invesco PHLX Semiconductor ETF $SOXQ

Royal Bank of Canada increased its holdings in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 2,784.8% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 37,099 shares of the company’s stock after buying an additional 35,813 shares during the quarter. Royal Bank of Canada’s holdings in Invesco PHLX Semiconductor ETF were worth $2,215,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SOXQ. Cetera Investment Advisers grew its stake in shares of Invesco PHLX Semiconductor ETF by 78.8% in the first quarter. Cetera Investment Advisers now owns 11,940 shares of the company’s stock worth $713,000 after acquiring an additional 5,262 shares during the period. Pacific Sun Financial Corp boosted its holdings in Invesco PHLX Semiconductor ETF by 4.8% in the first quarter. Pacific Sun Financial Corp now owns 11,472 shares of the company’s stock worth $685,000 after purchasing an additional 530 shares during the last quarter. Global Assets Advisory LLC bought a new stake in Invesco PHLX Semiconductor ETF in the 1st quarter worth approximately $39,000. Sumitomo Mitsui Trust Group Inc. grew its position in Invesco PHLX Semiconductor ETF by 19.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 29,000 shares of the company’s stock worth $1,731,000 after purchasing an additional 4,700 shares during the period. Finally, Meitav Investment House Ltd. grew its position in Invesco PHLX Semiconductor ETF by 2.5% in the 1st quarter. Meitav Investment House Ltd. now owns 95,370 shares of the company’s stock worth $5,694,000 after purchasing an additional 2,300 shares during the period.

Invesco PHLX Semiconductor ETF Trading Up 1.7%

Shares of SOXQ opened at $99.37 on Tuesday. The firm has a fifty day simple moving average of $99.35 and a two-hundred day simple moving average of $82.98. The firm has a market cap of $2.82 billion, a PE ratio of 34.20 and a beta of 1.79. Invesco PHLX Semiconductor ETF has a 1-year low of $43.15 and a 1-year high of $115.34.

Invesco PHLX Semiconductor ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.0773 per share. This represents a $0.31 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, June 22nd.

Invesco PHLX Semiconductor ETF Company 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.