InTrack Investment Management Inc Lowers Position in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)

InTrack Investment Management Inc decreased its holdings in shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 29.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,158 shares of the company’s stock after selling 5,071 shares during the period. InTrack Investment Management Inc owned approximately 0.13% of Invesco PHLX Semiconductor ETF worth $469,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. grew its stake in Invesco PHLX Semiconductor ETF by 192.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 75,353 shares of the company’s stock worth $2,476,000 after buying an additional 49,614 shares in the last quarter. Meitav Investment House Ltd. bought a new position in Invesco PHLX Semiconductor ETF in the fourth quarter valued at $1,126,000. Cambridge Investment Research Advisors Inc. raised its position in Invesco PHLX Semiconductor ETF by 32.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 109,192 shares of the company’s stock valued at $3,588,000 after purchasing an additional 27,006 shares in the last quarter. Citigroup Inc. bought a new stake in Invesco PHLX Semiconductor ETF during the third quarter worth about $461,000. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of Invesco PHLX Semiconductor ETF in the 4th quarter worth about $557,000.

Invesco PHLX Semiconductor ETF Stock Up 1.2 %

Shares of Invesco PHLX Semiconductor ETF stock traded up $0.51 during trading on Tuesday, hitting $43.68. 276,277 shares of the stock traded hands, compared to its average volume of 251,056. The firm’s fifty day moving average is $40.63 and its 200-day moving average is $37.34. The stock has a market cap of $423.70 million, a price-to-earnings ratio of 29.37 and a beta of 1.56. Invesco PHLX Semiconductor ETF has a 52 week low of $24.82 and a 52 week high of $45.72.

Invesco PHLX Semiconductor ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a dividend of $0.0609 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Monday, June 24th.

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.