Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Strong Trading Volume – Here’s Why

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) shares saw unusually-high trading volume on Wednesday . Approximately 1,989,470 shares were traded during trading, an increase of 48% from the previous session’s volume of 1,341,356 shares.The stock last traded at $109.85 and had previously closed at $108.05.

Invesco PHLX Semiconductor ETF Trading Up 0.9%

The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 34.20 and a beta of 1.74. The company’s 50-day moving average is $79.30 and its 200-day moving average is $66.49.

Invesco PHLX Semiconductor ETF Increases Dividend

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

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Several large investors have recently modified their holdings of SOXQ. Qube Research & Technologies Ltd acquired a new stake in shares of Invesco PHLX Semiconductor ETF during the third quarter worth $35,000. Global Assets Advisory LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF during the first quarter worth $39,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco PHLX Semiconductor ETF by 112.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock worth $42,000 after buying an additional 505 shares during the period. Western Wealth Management LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF during the first quarter worth $44,000. Finally, Royal Bank of Canada increased its position in shares of Invesco PHLX Semiconductor ETF by 118.7% during the fourth quarter. Royal Bank of Canada now owns 1,286 shares of the company’s stock worth $72,000 after buying an additional 698 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.