Sumitomo Mitsui Trust Group Inc. Increases Stock Position in Invesco PHLX Semiconductor ETF $SOXQ

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 171.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,800 shares of the company’s stock after acquiring an additional 16,300 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Invesco PHLX Semiconductor ETF worth $1,293,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco PHLX Semiconductor ETF by 112.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock valued at $42,000 after purchasing an additional 505 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF during the third quarter worth $103,000. FWL Investment Management LLC increased its holdings in shares of Invesco PHLX Semiconductor ETF by 8.1% in the second quarter. FWL Investment Management LLC now owns 3,086 shares of the company’s stock valued at $135,000 after purchasing an additional 231 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in Invesco PHLX Semiconductor ETF during the 2nd quarter worth approximately $149,000. Finally, Activest Wealth Management purchased a new stake in Invesco PHLX Semiconductor ETF in the second quarter valued at $177,000.

Invesco PHLX Semiconductor ETF Stock Up 1.2%

Shares of Invesco PHLX Semiconductor ETF stock opened at $62.41 on Monday. The firm has a market cap of $926.16 million, a PE ratio of 34.20 and a beta of 1.57. The business has a 50-day moving average price of $56.29 and a 200 day moving average price of $51.13. Invesco PHLX Semiconductor ETF has a twelve month low of $26.71 and a twelve month high of $63.03.

Invesco PHLX Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.0621 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.25 dividend on an annualized basis and a yield of 0.4%.

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.