Bright Futures Wealth Management LLC. Has $858,000 Stake in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)

Bright Futures Wealth Management LLC. lowered its position in shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) by 11.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,903 shares of the company’s stock after selling 2,494 shares during the period. Bright Futures Wealth Management LLC. owned 0.17% of Invesco PHLX Semiconductor ETF worth $858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Global X Japan Co. Ltd. boosted its holdings in Invesco PHLX Semiconductor ETF by 224.9% in the 2nd quarter. Global X Japan Co. Ltd. now owns 326,780 shares of the company’s stock valued at $14,081,000 after purchasing an additional 226,210 shares during the period. Jane Street Group LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF in the first quarter valued at approximately $7,190,000. Banco BTG Pactual S.A. boosted its stake in shares of Invesco PHLX Semiconductor ETF by 167.8% in the first quarter. Banco BTG Pactual S.A. now owns 79,645 shares of the company’s stock valued at $3,074,000 after buying an additional 49,900 shares during the period. Avantax Advisory Services Inc. acquired a new stake in Invesco PHLX Semiconductor ETF during the first quarter worth approximately $1,252,000. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Invesco PHLX Semiconductor ETF by 32.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 109,192 shares of the company’s stock worth $3,588,000 after acquiring an additional 27,006 shares during the period.

Invesco PHLX Semiconductor ETF Stock Performance

NASDAQ:SOXQ opened at $36.48 on Tuesday. The company has a market cap of $431.92 million, a price-to-earnings ratio of 29.37 and a beta of 1.56. Invesco PHLX Semiconductor ETF has a fifty-two week low of $24.82 and a fifty-two week high of $46.82. The stock has a fifty day moving average price of $40.64 and a 200-day moving average price of $39.74.

Invesco PHLX Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a dividend of $0.0609 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.24 annualized dividend and a yield of 0.67%.

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.