Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Hits New 12-Month High – Should You Buy?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $59.17 and last traded at $58.9250, with a volume of 4951 shares trading hands. The stock had previously closed at $57.99.

Invesco PHLX Semiconductor ETF Trading Up 2.7%

The firm’s 50-day simple moving average is $55.61 and its two-hundred day simple moving average is $50.15. The stock has a market capitalization of $835.58 million, a PE ratio of 34.20 and a beta of 1.57.

Invesco PHLX Semiconductor ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.0621 per share. This represents a $0.25 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, December 22nd.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. FWL Investment Management LLC lifted its stake in Invesco PHLX Semiconductor ETF by 8.1% in the second quarter. FWL Investment Management LLC now owns 3,086 shares of the company’s stock valued at $135,000 after acquiring an additional 231 shares during the last quarter. CWM LLC raised its holdings in shares of Invesco PHLX Semiconductor ETF by 1.6% during the 3rd quarter. CWM LLC now owns 14,560 shares of the company’s stock valued at $730,000 after purchasing an additional 235 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 in the last quarter. Cetera Investment Advisers lifted its stake in shares of Invesco PHLX Semiconductor ETF by 5.1% in the 2nd quarter. Cetera Investment Advisers now owns 6,344 shares of the company’s stock valued at $277,000 after purchasing an additional 305 shares during the last quarter. Finally, Equitable Holdings Inc. boosted its holdings in Invesco PHLX Semiconductor ETF by 4.5% in the third quarter. Equitable Holdings Inc. now owns 10,064 shares of the company’s stock worth $504,000 after purchasing an additional 434 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.