Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Hits New 1-Year High – Should You Buy?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $66.89 and last traded at $66.6850, with a volume of 97521 shares changing hands. The stock had previously closed at $65.61.

Invesco PHLX Semiconductor ETF Trading Up 1.8%

The stock has a market cap of $1.05 billion, a PE ratio of 34.20 and a beta of 1.57. The business’s 50-day moving average price is $60.96 and its 200-day moving average price is $54.75.

Invesco PHLX Semiconductor ETF Cuts Dividend

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

Institutional Trading of Invesco PHLX Semiconductor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC grew its stake in Invesco PHLX Semiconductor ETF by 54.8% during the 1st quarter. Jane Street Group LLC now owns 38,491 shares of the company’s stock worth $1,295,000 after buying an additional 13,624 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in Invesco PHLX Semiconductor ETF in the second quarter valued at about $288,000. Envestnet Asset Management Inc. boosted its holdings in Invesco PHLX Semiconductor ETF by 6.2% in the second quarter. Envestnet Asset Management Inc. now owns 15,819 shares of the company’s stock worth $691,000 after acquiring an additional 923 shares in the last quarter. Prospera Financial Services Inc purchased a new stake in shares of Invesco PHLX Semiconductor ETF during the second quarter worth about $397,000. Finally, Cetera Investment Advisers grew its stake in shares of Invesco PHLX Semiconductor ETF by 5.1% during the second quarter. Cetera Investment Advisers now owns 6,344 shares of the company’s stock worth $277,000 after acquiring an additional 305 shares during 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.