Marshall Investment Management LLC Buys 46,805 Shares of Invesco PHLX Semiconductor ETF $SOXQ

Marshall Investment Management LLC increased its position in shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 460.0% during the third quarter, Holdings Channel reports. The institutional investor owned 56,979 shares of the company’s stock after purchasing an additional 46,805 shares during the quarter. Invesco PHLX Semiconductor ETF comprises 1.5% of Marshall Investment Management LLC’s holdings, making the stock its 20th biggest position. Marshall Investment Management LLC’s holdings in Invesco PHLX Semiconductor ETF were worth $2,856,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SOXQ. Jane Street Group LLC lifted its position in shares of Invesco PHLX Semiconductor ETF by 54.8% in the 1st quarter. Jane Street Group LLC now owns 38,491 shares of the company’s stock worth $1,295,000 after acquiring an additional 13,624 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Invesco PHLX Semiconductor ETF by 6.2% during the second quarter. Envestnet Asset Management Inc. now owns 15,819 shares of the company’s stock valued at $691,000 after purchasing an additional 923 shares during the period. Cetera Investment Advisers raised its stake in shares of Invesco PHLX Semiconductor ETF by 5.1% in the second quarter. Cetera Investment Advisers now owns 6,344 shares of the company’s stock valued at $277,000 after purchasing an additional 305 shares in the last quarter. WBI Investments LLC raised its stake in shares of Invesco PHLX Semiconductor ETF by 70.5% in the second quarter. WBI Investments LLC now owns 31,074 shares of the company’s stock valued at $1,357,000 after purchasing an additional 12,848 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new position in Invesco PHLX Semiconductor ETF in the second quarter worth $985,000.

Invesco PHLX Semiconductor ETF Price Performance

SOXQ opened at $61.41 on Tuesday. Invesco PHLX Semiconductor ETF has a fifty-two week low of $26.71 and a fifty-two week high of $66.89. The firm’s fifty day moving average price is $62.65 and its two-hundred day moving average price is $56.40. The company has a market capitalization of $964.14 million, a P/E ratio of 34.20 and a beta of 1.57.

Invesco PHLX Semiconductor ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.0621 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, December 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.