Meitav Investment House Ltd. Makes New $4.81 Million Investment in Invesco PHLX Semiconductor ETF $SOXQ

Meitav Investment House Ltd. bought a new stake in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 110,220 shares of the company’s stock, valued at approximately $4,812,000. Meitav Investment House Ltd. owned about 0.98% of Invesco PHLX Semiconductor ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SOXQ. Grimes & Company Inc. acquired a new stake in Invesco PHLX Semiconductor ETF during the 2nd quarter valued at $472,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF during the second quarter worth $203,000. Truist Financial Corp increased its stake in shares of Invesco PHLX Semiconductor ETF by 6.7% in the second quarter. Truist Financial Corp now owns 15,314 shares of the company’s stock valued at $669,000 after buying an additional 961 shares in the last quarter. Capital Investment Advisors LLC bought a new position in shares of Invesco PHLX Semiconductor ETF in the second quarter valued at about $1,668,000. Finally, Retirement Guys Formula LLC bought a new position in shares of Invesco PHLX Semiconductor ETF in the second quarter valued at about $5,460,000.

Invesco PHLX Semiconductor ETF Stock Up 2.9%

Shares of NASDAQ:SOXQ opened at $53.32 on Tuesday. The firm has a market cap of $589.72 million, a P/E ratio of 34.20 and a beta of 1.56. Invesco PHLX Semiconductor ETF has a 12 month low of $26.71 and a 12 month high of $54.16. The company’s 50-day moving average price is $46.69 and its two-hundred day moving average price is $41.03.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a $0.0741 dividend. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, September 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.