Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sets New 52-Week High – Here’s What Happened

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) hit a new 52-week high on Thursday . The stock traded as high as $66.00 and last traded at $65.8190, with a volume of 4839 shares. The stock had previously closed at $65.27.

Invesco PHLX Semiconductor ETF Price Performance

The company has a market cap of $1.00 billion, a PE ratio of 34.20 and a beta of 1.57. The business’s 50 day moving average is $59.62 and its 200-day moving average is $53.42.

Invesco PHLX Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given 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 bought and sold shares of the business. Qube Research & Technologies Ltd purchased a new position in shares of Invesco PHLX Semiconductor ETF in the 3rd quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco PHLX Semiconductor ETF by 112.5% in the second 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 purchased a new position in Invesco PHLX Semiconductor ETF in the third quarter valued at approximately $101,000. SG Americas Securities LLC acquired a new stake in Invesco PHLX Semiconductor ETF during the third quarter worth approximately $103,000. Finally, FWL Investment Management LLC raised its holdings 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.