Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Hits New 12-Month High – What’s Next?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $103.38 and last traded at $100.01, with a volume of 2906033 shares traded. The stock had previously closed at $101.33.

Invesco PHLX Semiconductor ETF Stock Performance

The company has a market cap of $1.95 billion, a price-to-earnings ratio of 34.20 and a beta of 1.74. The company has a 50-day simple moving average of $78.50 and a 200-day simple moving average of $66.09.

Invesco PHLX Semiconductor ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.0706 dividend. 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%. 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

A number of institutional investors and hedge funds have recently modified their holdings of SOXQ. Ameriprise Financial Inc. grew 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 period. NorthRock Partners LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF in the 3rd quarter worth approximately $6,596,000. Condor Capital Management grew its holdings in shares of Invesco PHLX Semiconductor ETF by 58.0% in the 4th quarter. Condor Capital Management now owns 192,807 shares of the company’s stock worth $10,753,000 after acquiring an additional 70,746 shares during the period. VestGen Advisors LLC grew its holdings in shares of Invesco PHLX Semiconductor ETF by 379.3% in the 4th quarter. VestGen Advisors LLC now owns 76,239 shares of the company’s stock worth $4,252,000 after acquiring an additional 60,334 shares during the period. Finally, Marshall Investment Management LLC grew its holdings in shares of Invesco PHLX Semiconductor ETF by 460.0% in the 3rd quarter. Marshall Investment Management LLC now owns 56,979 shares of the company’s stock worth $2,856,000 after acquiring an additional 46,805 shares during the period.

Invesco PHLX Semiconductor ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Invesco PHLX Semiconductor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco PHLX Semiconductor ETF and related companies with MarketBeat.com's FREE daily email newsletter.