Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sets New 52-Week High – Here’s What Happened

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)’s share price reached a new 52-week high on Wednesday . The company traded as high as $67.09 and last traded at $66.50, with a volume of 141102 shares trading hands. The stock had previously closed at $63.01.

Invesco PHLX Semiconductor ETF Price Performance

The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 34.20 and a beta of 1.57. The stock has a 50 day simple moving average of $62.48 and a two-hundred day simple moving average of $58.04.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.0706 dividend. This is a boost from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, March 23rd.

Institutional Trading of Invesco PHLX Semiconductor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SOXQ. Qube Research & Technologies Ltd acquired a new stake in Invesco PHLX Semiconductor ETF in the third quarter valued at $35,000. Northwestern Mutual Wealth Management Co. raised its stake in 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 buying an additional 505 shares in the last quarter. Royal Bank of Canada raised its stake in Invesco PHLX Semiconductor ETF by 118.7% in the fourth quarter. Royal Bank of Canada now owns 1,286 shares of the company’s stock valued at $72,000 after buying an additional 698 shares in the last quarter. Fifth Third Bancorp acquired a new stake in Invesco PHLX Semiconductor ETF in the third quarter valued at $101,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF during the third quarter worth about $103,000.

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.