Meridian Wealth Management LLC Invests $1.85 Million in Invesco PHLX Semiconductor ETF $SOXQ

Meridian Wealth Management LLC bought a new position in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 33,152 shares of the company’s stock, valued at approximately $1,849,000. Meridian Wealth Management LLC owned approximately 0.21% of Invesco PHLX Semiconductor ETF at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new position in Invesco PHLX Semiconductor ETF during the 3rd quarter worth $35,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco PHLX Semiconductor ETF by 112.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock worth $42,000 after buying an additional 505 shares in the last quarter. Fifth Third Bancorp acquired a new position in Invesco PHLX Semiconductor ETF during the 3rd quarter worth $101,000. SG Americas Securities LLC acquired a new position in Invesco PHLX Semiconductor ETF during the 3rd quarter worth $103,000. Finally, Advisory Services Network LLC acquired a new position in Invesco PHLX Semiconductor ETF during the 3rd quarter worth $180,000.

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Invesco PHLX Semiconductor ETF Stock Performance

NASDAQ:SOXQ opened at $92.24 on Wednesday. The stock’s fifty day moving average price is $69.66 and its two-hundred day moving average price is $62.54. Invesco PHLX Semiconductor ETF has a 52-week low of $36.63 and a 52-week high of $95.30. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 34.20 and a beta of 1.74.

Invesco PHLX Semiconductor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.0706 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.28 annualized dividend and a yield of 0.3%. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06.

Invesco PHLX Semiconductor ETF Profile

(Free Report)

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.

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