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 during mid-day trading on Wednesday . The stock traded as high as $67.09 and last traded at $66.50, with a volume of 141102 shares trading hands. The stock had previously closed at $63.01.

Invesco PHLX Semiconductor ETF Price Performance

The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 34.20 and a beta of 1.57. The firm has a 50 day moving average price of $62.48 and a 200-day moving average price of $58.04.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.0706 dividend. The ex-dividend date was Monday, March 23rd. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.4%.

Institutional Trading of Invesco PHLX Semiconductor ETF

Several hedge funds have recently modified their holdings of SOXQ. Jane Street Group LLC raised its stake in shares of Invesco PHLX Semiconductor ETF by 54.8% in the first quarter. Jane Street Group LLC now owns 38,491 shares of the company’s stock valued at $1,295,000 after acquiring an additional 13,624 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Invesco PHLX Semiconductor ETF by 5.1% in the second quarter. Cetera Investment Advisers now owns 6,344 shares of the company’s stock valued at $277,000 after acquiring an additional 305 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 acquiring an additional 505 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in Invesco PHLX Semiconductor ETF in the second quarter valued at $345,000. Finally, FWL Investment Management LLC raised its stake in Invesco PHLX Semiconductor ETF by 8.1% in the second quarter. FWL Investment Management LLC now owns 3,086 shares of the company’s stock valued at $135,000 after buying an additional 231 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.