Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Strong Trading Volume – What’s Next?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) shares saw unusually-high trading volume on Friday . Approximately 1,659,032 shares were traded during trading, an increase of 56% from the previous session’s volume of 1,062,412 shares.The stock last traded at $82.30 and had previously closed at $79.34.

Invesco PHLX Semiconductor ETF Stock Performance

The business’s 50 day moving average price is $64.85 and its 200-day moving average price is $59.85. The firm has a market capitalization of $1.59 billion, a PE ratio of 34.20 and a beta of 1.57.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.0706 dividend. This is a boost from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, March 23rd. This represents a $0.28 annualized dividend and a yield of 0.3%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its stake in shares of Invesco PHLX Semiconductor ETF by 2.8% in the fourth quarter. Cetera Investment Advisers now owns 6,678 shares of the company’s stock valued at $372,000 after buying an additional 182 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Invesco PHLX Semiconductor ETF by 0.8% during the 4th quarter. Global Retirement Partners LLC now owns 23,318 shares of the company’s stock valued at $1,300,000 after acquiring an additional 189 shares during the period. CWM LLC grew its position in Invesco PHLX Semiconductor ETF by 1.6% in the 3rd quarter. CWM LLC now owns 14,560 shares of the company’s stock valued at $730,000 after acquiring an additional 235 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Invesco PHLX Semiconductor ETF by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 81,118 shares of the company’s stock worth $4,066,000 after purchasing an additional 235 shares during the period. Finally, Almanack Investment Partners LLC. lifted its position in shares of Invesco PHLX Semiconductor ETF by 2.2% during the fourth quarter. Almanack Investment Partners LLC. now owns 15,437 shares of the company’s stock worth $861,000 after purchasing an additional 333 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.