Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Reaches New 52-Week High – What’s Next?

Shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) reached a new 52-week high during trading on Friday . The company traded as high as $55.24 and last traded at $55.04, with a volume of 34933 shares. The stock had previously closed at $53.88.

Invesco PHLX Semiconductor ETF Trading Up 1.9%

The stock has a market capitalization of $629.15 million, a P/E ratio of 34.20 and a beta of 1.56. The stock’s fifty day moving average price is $49.02 and its two-hundred day moving average price is $42.97.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a $0.0741 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.07.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

A number of hedge funds have recently made changes to their positions in SOXQ. Ameriprise Financial Inc. lifted its holdings in shares of Invesco PHLX Semiconductor ETF by 215.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock worth $10,698,000 after acquiring an additional 167,554 shares during the last quarter. Retirement Guys Formula LLC bought a new stake in Invesco PHLX Semiconductor ETF during the 2nd quarter valued at $5,460,000. Meitav Investment House Ltd. bought a new stake in Invesco PHLX Semiconductor ETF during the 2nd quarter valued at $4,812,000. Capital Investment Advisors LLC bought a new stake in Invesco PHLX Semiconductor ETF during the 2nd quarter valued at $1,668,000. Finally, Sowell Financial Services LLC bought a new stake in Invesco PHLX Semiconductor ETF during the 2nd quarter valued at $1,501,000.

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.