Kovack Advisors Inc. Trims Stock Position in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)

Kovack Advisors Inc. trimmed its stake in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 3.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,080 shares of the company’s stock after selling 920 shares during the period. Kovack Advisors Inc.’s holdings in Invesco PHLX Semiconductor ETF were worth $944,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in Invesco PHLX Semiconductor ETF in the fourth quarter valued at $6,320,000. Marshall Investment Management LLC purchased a new stake in shares of Invesco PHLX Semiconductor ETF in the 4th quarter valued at about $5,177,000. Global X Japan Co. Ltd. lifted its holdings in shares of Invesco PHLX Semiconductor ETF by 91.8% in the 4th quarter. Global X Japan Co. Ltd. now owns 63,097 shares of the company’s stock valued at $2,475,000 after purchasing an additional 30,197 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF in the 3rd quarter valued at about $893,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Invesco PHLX Semiconductor ETF during the 4th quarter worth approximately $584,000.

Invesco PHLX Semiconductor ETF Trading Down 6.2 %

Shares of NASDAQ SOXQ opened at $36.92 on Friday. The stock has a market cap of $436.39 million, a P/E ratio of 33.73 and a beta of 1.56. Invesco PHLX Semiconductor ETF has a twelve month low of $33.70 and a twelve month high of $46.82. The stock has a 50 day moving average of $40.24 and a two-hundred day moving average of $40.00.

Invesco PHLX Semiconductor ETF Cuts Dividend

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

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.