Raymond James Financial Inc. Invests $1.18 Million in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)

Raymond James Financial Inc. bought a new stake in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) during the fourth quarter, Holdings Channel reports. The firm bought 29,973 shares of the company’s stock, valued at approximately $1,176,000.

Several other institutional investors have also recently bought and sold shares of the company. Silver Oak Securities Incorporated bought a new stake in Invesco PHLX Semiconductor ETF during the fourth quarter valued at about $206,000. Sigma Planning Corp acquired a new position in shares of Invesco PHLX Semiconductor ETF during the 4th quarter worth about $208,000. Manchester Capital Management LLC boosted its stake in Invesco PHLX Semiconductor ETF by 49.5% during the 4th quarter. Manchester Capital Management LLC now owns 5,518 shares of the company’s stock valued at $216,000 after purchasing an additional 1,828 shares during the period. HighTower Advisors LLC acquired a new stake in Invesco PHLX Semiconductor ETF in the 3rd quarter valued at approximately $221,000. Finally, Pacific Sun Financial Corp acquired a new stake in Invesco PHLX Semiconductor ETF in the 4th quarter valued at approximately $285,000.

Invesco PHLX Semiconductor ETF Stock Down 9.9 %

Shares of SOXQ stock opened at $30.65 on Friday. Invesco PHLX Semiconductor ETF has a 12 month low of $30.63 and a 12 month high of $46.82. The firm has a market cap of $349.41 million, a PE ratio of 30.96 and a beta of 1.56. The stock has a 50 day moving average of $37.64 and a 200-day moving average of $39.33.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.0693 per share. This is a boost from Invesco PHLX Semiconductor ETF’s previous dividend of $0.07. The ex-dividend date was Monday, March 24th.

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.