Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. lowered its stake in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,080 shares of the company’s stock after selling 920 shares during the period. Kovack Advisors Inc. owned about 0.21% of Invesco PHLX Semiconductor ETF worth $944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its stake in shares of Invesco PHLX Semiconductor ETF by 14.6% during the third quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock worth $88,000 after buying an additional 275 shares during the period. Silver Oak Securities Incorporated acquired a new position in Invesco PHLX Semiconductor ETF during the 4th quarter worth approximately $206,000. Sigma Planning Corp purchased a new stake in shares of Invesco PHLX Semiconductor ETF in the 4th quarter valued at approximately $208,000. Manchester Capital Management LLC raised its holdings in shares of Invesco PHLX Semiconductor ETF by 49.5% in 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 in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Invesco PHLX Semiconductor ETF during the 3rd quarter worth $221,000.

Invesco PHLX Semiconductor ETF Trading Down 6.2 %

Shares of SOXQ stock opened at $36.92 on Friday. The company has a market cap of $436.39 million, a P/E ratio of 33.73 and a beta of 1.56. The firm has a fifty day moving average price of $40.24 and a 200 day moving average price of $40.00. Invesco PHLX Semiconductor ETF has a 12 month low of $33.70 and a 12 month high of $46.82.

Invesco PHLX Semiconductor ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.0689 per share. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco PHLX Semiconductor ETF

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.