Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Hits New 52-Week High – Should You Buy?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $63.58 and last traded at $63.0060, with a volume of 394796 shares. The stock had previously closed at $61.34.

Invesco PHLX Semiconductor ETF Stock Down 1.2%

The company has a market capitalization of $944.46 million, a PE ratio of 34.20 and a beta of 1.57. The firm has a 50-day moving average of $57.07 and a two-hundred day moving average of $51.67.

Invesco PHLX Semiconductor ETF Cuts Dividend

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

Institutional Trading of Invesco PHLX Semiconductor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd acquired a new position in shares of Invesco PHLX Semiconductor ETF in the third quarter worth about $35,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco PHLX Semiconductor ETF by 112.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock valued at $42,000 after purchasing an additional 505 shares in the last quarter. Fifth Third Bancorp acquired a new position in Invesco PHLX Semiconductor ETF in the 3rd quarter worth about $101,000. SG Americas Securities LLC purchased a new position in Invesco PHLX Semiconductor ETF during the third quarter worth approximately $103,000. Finally, FWL Investment Management LLC boosted its position in Invesco PHLX Semiconductor ETF by 8.1% during the second quarter. FWL Investment Management LLC now owns 3,086 shares of the company’s stock worth $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.