Kovack Advisors Inc. Buys 8,350 Shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)

Kovack Advisors Inc. raised its holdings in shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 50.2% in the 3rd quarter, Holdings Channel reports. The firm owned 25,000 shares of the company’s stock after purchasing an additional 8,350 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco PHLX Semiconductor ETF were worth $1,018,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. WASHINGTON TRUST Co purchased a new stake in shares of Invesco PHLX Semiconductor ETF during the second quarter valued at $28,000. Beacon Capital Management LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF during the second quarter valued at approximately $55,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF in the 3rd quarter worth $58,000. Farther Finance Advisors LLC raised its stake in shares of Invesco PHLX Semiconductor ETF by 14.6% in the third quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock valued at $88,000 after acquiring an additional 275 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Invesco PHLX Semiconductor ETF in the first quarter valued at approximately $251,000.

Invesco PHLX Semiconductor ETF Stock Performance

SOXQ stock opened at $39.45 on Thursday. Invesco PHLX Semiconductor ETF has a one year low of $28.61 and a one year high of $46.82. The stock has a market capitalization of $492.34 million, a PE ratio of 29.37 and a beta of 1.56. The company has a fifty day moving average of $40.10 and a 200-day moving average of $40.62.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.068 dividend. This represents a $0.27 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, September 23rd. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06.

Invesco PHLX Semiconductor ETF 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.