Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Reaches New 1-Year High After Dividend Announcement

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)’s stock price hit a new 52-week high during trading on Monday after the company announced a dividend. The stock traded as high as $114.80 and last traded at $114.80, with a volume of 63557 shares changing hands. The stock had previously closed at $112.78.

The newly announced dividend which will be paid on Friday, June 26th. Investors of record on Monday, June 22nd will be issued a dividend of $0.0773 per share. This represents a $0.31 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, June 22nd.

Invesco PHLX Semiconductor ETF Trading Down 7.8%

The firm has a market cap of $2.05 billion, a P/E ratio of 34.20 and a beta of 1.78. The stock’s fifty day moving average is $93.18 and its two-hundred day moving average is $72.34.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Qube Research & Technologies Ltd bought a new position in Invesco PHLX Semiconductor ETF in the 3rd quarter worth about $35,000. Global Assets Advisory LLC purchased a new position in shares of Invesco PHLX Semiconductor ETF during the first quarter worth about $39,000. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 worth $42,000 after purchasing an additional 505 shares during the last quarter. Western Wealth Management LLC purchased a new stake in Invesco PHLX Semiconductor ETF in the first quarter valued at approximately $44,000. Finally, 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 purchasing an additional 698 shares in the last quarter.

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.