Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Hits New 12-Month High – Still a 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 $60.44 and last traded at $60.45, with a volume of 346175 shares traded. The stock had previously closed at $60.13.

Invesco PHLX Semiconductor ETF Price Performance

The company has a market cap of $878.36 million, a price-to-earnings ratio of 34.20 and a beta of 1.57. The firm’s 50 day simple moving average is $55.81 and its 200-day simple moving average is $50.63.

Invesco PHLX Semiconductor ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SOXQ. Qube Research & Technologies Ltd purchased a new position in Invesco PHLX Semiconductor ETF in the third quarter worth $35,000. Northwestern Mutual Wealth Management Co. boosted 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 worth $42,000 after purchasing an additional 505 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Invesco PHLX Semiconductor ETF during the 3rd quarter worth $101,000. SG Americas Securities LLC purchased a new position in shares of Invesco PHLX Semiconductor ETF in the 3rd quarter valued at about $103,000. Finally, FWL Investment Management LLC increased its holdings in shares of Invesco PHLX Semiconductor ETF by 8.1% in the 2nd quarter. FWL Investment Management LLC now owns 3,086 shares of the company’s stock valued at $135,000 after purchasing an additional 231 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.