GRIMES & Co WEALTH MANAGEMENT LLC Acquires 7,270 Shares of Invesco PHLX Semiconductor ETF $SOXQ

GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,270 shares of the company’s stock, valued at approximately $723,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SOXQ. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Invesco PHLX Semiconductor ETF by 19.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 35,300 shares of the company’s stock worth $3,509,000 after buying an additional 5,700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Invesco PHLX Semiconductor ETF in the third quarter valued at about $4,970,000. ERn Financial LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF in the third quarter valued at about $208,000. Oppenheimer & Co. Inc. bought a new stake in shares of Invesco PHLX Semiconductor ETF in the third quarter valued at about $1,368,000. Finally, Sigma Planning Corp purchased a new stake in Invesco PHLX Semiconductor ETF in the third quarter worth about $346,000.

Invesco PHLX Semiconductor ETF Price Performance

NASDAQ:SOXQ opened at $80.85 on Thursday. Invesco PHLX Semiconductor ETF has a 1-year low of $48.51 and a 1-year high of $115.34. The company has a 50-day moving average of $92.85 and a 200 day moving average of $84.92. The firm has a market cap of $2.65 billion, a PE ratio of 34.20 and a beta of 1.85.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a $0.0845 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.0773. The ex-dividend date of this dividend was Monday, September 21st.

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.