Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Shares Gap Up – Here’s Why

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $39.26, but opened at $40.49. Invesco PHLX Semiconductor ETF shares last traded at $40.50, with a volume of 15,797 shares trading hands.

Invesco PHLX Semiconductor ETF Trading Up 2.8 %

The company’s 50-day simple moving average is $40.12 and its 200 day simple moving average is $40.69. The stock has a market cap of $503.69 million, a P/E ratio of 29.37 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.068 per share. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. This represents a $0.27 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Monday, September 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Global X Japan Co. Ltd. grew its position in shares of Invesco PHLX Semiconductor ETF by 224.9% during the 2nd quarter. Global X Japan Co. Ltd. now owns 326,780 shares of the company’s stock valued at $14,081,000 after acquiring an additional 226,210 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Invesco PHLX Semiconductor ETF by 32.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,400 shares of the company’s stock valued at $3,508,000 after purchasing an additional 20,700 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Invesco PHLX Semiconductor ETF by 58.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 31,000 shares of the company’s stock valued at $1,263,000 after purchasing an additional 11,400 shares in the last quarter. Kovack Advisors Inc. increased its holdings in shares of Invesco PHLX Semiconductor ETF by 50.2% in the third quarter. Kovack Advisors Inc. now owns 25,000 shares of the company’s stock worth $1,018,000 after purchasing an additional 8,350 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Invesco PHLX Semiconductor ETF in the third quarter worth $893,000.

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.