Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sets New 52-Week High – Still a Buy?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) reached a new 52-week high on Thursday . The company traded as high as $90.34 and last traded at $90.33, with a volume of 2346279 shares. The stock had previously closed at $86.41.

Invesco PHLX Semiconductor ETF Stock Up 5.4%

The stock has a market cap of $1.79 billion, a P/E ratio of 34.20 and a beta of 1.74. The company’s 50 day moving average price is $67.96 and its 200-day moving average price is $61.70.

Invesco PHLX Semiconductor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.0706 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its holdings in Invesco PHLX Semiconductor ETF by 2.8% during the fourth quarter. Cetera Investment Advisers now owns 6,678 shares of the company’s stock valued at $372,000 after purchasing an additional 182 shares during the period. Global Retirement Partners LLC increased its holdings in Invesco PHLX Semiconductor ETF by 0.8% in the 4th quarter. Global Retirement Partners LLC now owns 23,318 shares of the company’s stock worth $1,300,000 after acquiring an additional 189 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Invesco PHLX Semiconductor ETF by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 81,118 shares of the company’s stock valued at $4,066,000 after buying an additional 235 shares in the last quarter. Almanack Investment Partners LLC. increased its position in shares of Invesco PHLX Semiconductor ETF by 2.2% during the fourth quarter. Almanack Investment Partners LLC. now owns 15,437 shares of the company’s stock valued at $861,000 after buying an additional 333 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in Invesco PHLX Semiconductor ETF by 1.5% in the 4th quarter. Corient Private Wealth LLC now owns 26,706 shares of the company’s stock worth $1,489,000 after purchasing an additional 385 shares in the last quarter.

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.