Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Unusually-High Trading Volume – Still a Buy?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw strong trading volume on Tuesday . 3,980,302 shares changed hands during mid-day trading, an increase of 170% from the previous session’s volume of 1,472,606 shares.The stock last traded at $93.27 and had previously closed at $101.61.

Invesco PHLX Semiconductor ETF Trading Up 7.9%

The business has a 50 day moving average of $85.13 and a 200-day moving average of $68.90. The stock has a market cap of $2.00 billion, a PE ratio of 34.20 and a beta of 1.78.

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 paid a $0.0706 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, March 23rd. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Qube Research & Technologies Ltd purchased a new stake in Invesco PHLX Semiconductor ETF in the 3rd quarter valued at approximately $35,000. Global Assets Advisory LLC purchased a new position in shares of Invesco PHLX Semiconductor ETF during the 1st quarter worth $39,000. Northwestern Mutual Wealth Management Co. lifted its stake 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 during the period. Western Wealth Management LLC purchased a new position in shares of Invesco PHLX Semiconductor ETF during the 1st quarter worth $44,000. Finally, Royal Bank of Canada lifted its stake in shares of Invesco PHLX Semiconductor ETF by 118.7% during the 4th quarter. Royal Bank of Canada now owns 1,286 shares of the company’s stock worth $72,000 after purchasing an additional 698 shares during the period.

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.