Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Large Volume Increase – What’s Next?

Shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw strong trading volume on Tuesday . 3,980,302 shares traded hands during mid-day trading, an increase of 170% from the previous session’s volume of 1,472,606 shares.The stock last traded at $93.27 and had previously closed at $101.61.

Invesco PHLX Semiconductor ETF Trading Down 3.8%

The stock has a 50 day simple moving average of $83.52 and a 200-day simple moving average of $68.24. The firm has a market cap of $1.88 billion, a P/E ratio of 34.20 and a beta of 1.78.

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 paid 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

Several large investors have recently modified their holdings of the stock. Cetera Investment Advisers increased its position in shares of Invesco PHLX Semiconductor ETF by 2.8% during the 4th 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 last quarter. Global Retirement Partners LLC increased its position in shares of Invesco PHLX Semiconductor ETF by 0.8% during the 4th quarter. Global Retirement Partners LLC now owns 23,318 shares of the company’s stock valued at $1,300,000 after purchasing an additional 189 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Invesco PHLX Semiconductor ETF by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 81,118 shares of the company’s stock valued at $4,066,000 after purchasing an additional 235 shares during the last quarter. Almanack Investment Partners LLC. increased its position in shares of Invesco PHLX Semiconductor ETF by 2.2% during the 4th quarter. Almanack Investment Partners LLC. now owns 15,437 shares of the company’s stock valued at $861,000 after purchasing an additional 333 shares during the last quarter. Finally, Corient Private Wealth LLC increased its position in shares of Invesco PHLX Semiconductor ETF by 1.5% during the 4th quarter. Corient Private Wealth LLC now owns 26,706 shares of the company’s stock valued at $1,489,000 after purchasing an additional 385 shares during 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.