Invesco PHLX Semiconductor ETF (SOXQ) to Issue Quarterly Dividend of $0.07 on March 27th

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Stockholders of record on Monday, March 23rd will be paid a dividend of 0.0706 per share on Friday, March 27th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, March 23rd. This is a 13.6% increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06.

Invesco PHLX Semiconductor ETF Stock Up 1.4%

SOXQ stock opened at $61.98 on Wednesday. The stock has a market capitalization of $973.09 million, a P/E ratio of 34.20 and a beta of 1.57. The firm has a 50-day simple moving average of $62.82 and a 200-day simple moving average of $57.11. Invesco PHLX Semiconductor ETF has a 52 week low of $26.71 and a 52 week high of $66.89.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Several large investors have recently bought and sold shares of SOXQ. LPL Financial LLC lifted its position in shares of Invesco PHLX Semiconductor ETF by 3.6% in the fourth quarter. LPL Financial LLC now owns 305,196 shares of the company’s stock valued at $17,021,000 after acquiring an additional 10,471 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Invesco PHLX Semiconductor ETF by 215.6% during the second quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock worth $10,698,000 after purchasing an additional 167,554 shares in the last quarter. Condor Capital Management increased its position in shares of Invesco PHLX Semiconductor ETF by 58.0% during the fourth quarter. Condor Capital Management now owns 192,807 shares of the company’s stock worth $10,753,000 after purchasing an additional 70,746 shares in the last quarter. Bank of America Corp DE raised its stake in Invesco PHLX Semiconductor ETF by 9.5% in the 2nd quarter. Bank of America Corp DE now owns 173,182 shares of the company’s stock valued at $7,561,000 after purchasing an additional 15,066 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new position in Invesco PHLX Semiconductor ETF in the 3rd quarter valued at $6,596,000.

About Invesco PHLX Semiconductor ETF

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.