Condor Capital Management Increases Stock Position in Invesco PHLX Semiconductor ETF $SOXQ

Condor Capital Management increased its position in shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 79.9% during the 3rd quarter, Holdings Channel reports. The firm owned 122,061 shares of the company’s stock after purchasing an additional 54,217 shares during the quarter. Condor Capital Management’s holdings in Invesco PHLX Semiconductor ETF were worth $6,118,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in Invesco PHLX Semiconductor ETF by 112.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock valued at $42,000 after buying an additional 505 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Invesco PHLX Semiconductor ETF in the third quarter valued at approximately $101,000. SG Americas Securities LLC purchased a new stake in shares of Invesco PHLX Semiconductor ETF during the third quarter valued at approximately $103,000. FWL Investment Management LLC lifted its holdings in Invesco PHLX Semiconductor ETF by 8.1% during the second quarter. FWL Investment Management LLC now owns 3,086 shares of the company’s stock worth $135,000 after acquiring an additional 231 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Invesco PHLX Semiconductor ETF in the second quarter worth $149,000.

Invesco PHLX Semiconductor ETF Price Performance

Shares of NASDAQ:SOXQ opened at $64.06 on Wednesday. Invesco PHLX Semiconductor ETF has a 1 year low of $26.71 and a 1 year high of $66.10. The company has a market capitalization of $1.01 billion, a PE ratio of 34.20 and a beta of 1.57. The business has a fifty day moving average price of $60.12 and a two-hundred day moving average price of $54.02.

Invesco PHLX Semiconductor ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors 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 yield of 0.4%. The ex-dividend date 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.