Sumitomo Mitsui Trust Group Inc. Raises Position in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)

Sumitomo Mitsui Trust Group Inc. increased its stake in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 58.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,000 shares of the company’s stock after purchasing an additional 11,400 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Invesco PHLX Semiconductor ETF worth $1,263,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of Invesco PHLX Semiconductor ETF by 14.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock worth $88,000 after acquiring an additional 275 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Invesco PHLX Semiconductor ETF by 32.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,400 shares of the company’s stock worth $3,508,000 after purchasing an additional 20,700 shares during the period. Future Financial Wealth Managment LLC bought a new position in Invesco PHLX Semiconductor ETF during the third quarter worth about $58,000. Truist Financial Corp increased its stake in shares of Invesco PHLX Semiconductor ETF by 20.1% in the second quarter. Truist Financial Corp now owns 12,087 shares of the company’s stock worth $521,000 after purchasing an additional 2,019 shares in the last quarter. Finally, Global X Japan Co. Ltd. raised its position in shares of Invesco PHLX Semiconductor ETF by 224.9% in the second quarter. Global X Japan Co. Ltd. now owns 326,780 shares of the company’s stock valued at $14,081,000 after purchasing an additional 226,210 shares during the period.

Invesco PHLX Semiconductor ETF Stock Up 0.9 %

SOXQ stock opened at $38.78 on Wednesday. The stock 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 has a twelve month low of $28.71 and a twelve month high of $46.82. The firm has a market capitalization of $483.97 million, a PE ratio of 29.37 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Increases Dividend

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

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.