Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Hits New 52-Week High – Here’s Why

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) shares reached a new 52-week high on Monday . The company traded as high as $110.62 and last traded at $109.43, with a volume of 1008151 shares. The stock had previously closed at $105.29.

Invesco PHLX Semiconductor ETF Stock Performance

The firm has a market capitalization of $2.14 billion, a PE ratio of 34.20 and a beta of 1.78. The stock’s 50 day simple moving average is $86.89 and its two-hundred day simple moving average is $69.64.

Invesco PHLX Semiconductor ETF Increases Dividend

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

Institutional Trading of Invesco PHLX Semiconductor ETF

Several institutional investors have recently made changes to their positions in SOXQ. Qube Research & Technologies Ltd purchased a new stake in shares of Invesco PHLX Semiconductor ETF during the 3rd quarter valued at approximately $35,000. Global Assets Advisory LLC purchased a new stake in shares of Invesco PHLX Semiconductor ETF during the 1st quarter valued at approximately $39,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco PHLX Semiconductor ETF by 112.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock valued at $42,000 after buying an additional 505 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Invesco PHLX Semiconductor ETF during the 1st quarter valued at approximately $44,000. Finally, Royal Bank of Canada raised its position in shares of Invesco PHLX Semiconductor ETF by 118.7% during the 4th quarter. Royal Bank of Canada now owns 1,286 shares of the company’s stock valued at $72,000 after buying an additional 698 shares during the period.

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.