Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Hits New 12-Month High – Here’s Why

Shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) reached a new 52-week high during trading on Friday . The stock traded as high as $83.32 and last traded at $82.65, with a volume of 670567 shares traded. The stock had previously closed at $82.65.

Invesco PHLX Semiconductor ETF Trading Up 0.9%

The company has a market cap of $1.59 billion, a PE ratio of 34.20 and a beta of 1.57. The business has a 50 day simple moving average of $66.57 and a two-hundred day simple moving average of $60.85.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.0706 per share. This represents a $0.28 annualized dividend and a yield of 0.3%. This is a boost from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, March 23rd.

Institutional Trading of Invesco PHLX Semiconductor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its holdings in shares of Invesco PHLX Semiconductor ETF by 215.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock worth $10,698,000 after acquiring an additional 167,554 shares during the period. NorthRock Partners LLC acquired a new position in Invesco PHLX Semiconductor ETF during the third quarter worth approximately $6,596,000. Condor Capital Management raised its stake in Invesco PHLX Semiconductor ETF by 58.0% during the fourth quarter. Condor Capital Management now owns 192,807 shares of the company’s stock worth $10,753,000 after purchasing an additional 70,746 shares during the period. VestGen Advisors LLC boosted its holdings in shares of Invesco PHLX Semiconductor ETF by 379.3% in the 4th quarter. VestGen Advisors LLC now owns 76,239 shares of the company’s stock valued at $4,252,000 after purchasing an additional 60,334 shares during the last quarter. Finally, Marshall Investment Management LLC grew its stake in shares of Invesco PHLX Semiconductor ETF by 460.0% during the 3rd quarter. Marshall Investment Management LLC now owns 56,979 shares of the company’s stock valued at $2,856,000 after buying an additional 46,805 shares during the period.

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.