Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Hits New 52-Week High – Here’s Why

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) shares hit a new 52-week high on Monday . The stock traded as high as $110.62 and last traded at $109.43, with a volume of 1008151 shares traded. The stock had previously closed at $105.29.

Invesco PHLX Semiconductor ETF Trading Up 5.3%

The firm has a 50-day simple moving average of $86.89 and a two-hundred day simple moving average of $69.64. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 34.20 and a beta of 1.78.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.0706 per share. 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 dividend on an annualized basis and a dividend yield of 0.3%.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

A number of institutional investors have recently modified their holdings of SOXQ. Cetera Investment Advisers boosted its holdings in Invesco PHLX Semiconductor ETF by 2.8% in the 4th quarter. Cetera Investment Advisers now owns 6,678 shares of the company’s stock worth $372,000 after buying an additional 182 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Invesco PHLX Semiconductor ETF by 0.8% in the 4th quarter. Global Retirement Partners LLC now owns 23,318 shares of the company’s stock worth $1,300,000 after buying an additional 189 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Invesco PHLX Semiconductor ETF by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 81,118 shares of the company’s stock worth $4,066,000 after buying an additional 235 shares during the last quarter. Almanack Investment Partners LLC. boosted its holdings in Invesco PHLX Semiconductor ETF by 2.2% in the 4th quarter. Almanack Investment Partners LLC. now owns 15,437 shares of the company’s stock worth $861,000 after buying an additional 333 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in Invesco PHLX Semiconductor ETF by 1.5% in the 4th quarter. Corient Private Wealth LLC now owns 26,706 shares of the company’s stock worth $1,489,000 after buying an additional 385 shares during 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.