Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Reaches New 12-Month High – Here’s Why

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) reached a new 52-week high during trading on Tuesday . The company traded as high as $71.19 and last traded at $71.14, with a volume of 740565 shares traded. The stock had previously closed at $69.99.

Invesco PHLX Semiconductor ETF Stock Performance

The stock has a 50-day moving average of $63.31 and a 200 day moving average of $58.85. The firm has a market capitalization of $1.36 billion, a P/E ratio of 34.20 and a beta of 1.57.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.0706 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.28 dividend on an annualized basis and a yield of 0.4%. 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 hedge funds have recently added to or reduced their stakes in SOXQ. Ameriprise Financial Inc. grew its holdings in Invesco PHLX Semiconductor ETF by 215.6% during 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. NorthRock Partners LLC bought a new position in Invesco PHLX Semiconductor ETF in the 3rd quarter valued at $6,596,000. Condor Capital Management boosted its position in Invesco PHLX Semiconductor ETF by 58.0% in the 4th quarter. Condor Capital Management now owns 192,807 shares of the company’s stock valued at $10,753,000 after buying an additional 70,746 shares during the last quarter. VestGen Advisors LLC boosted its position in Invesco PHLX Semiconductor ETF by 379.3% in the 4th quarter. VestGen Advisors LLC now owns 76,239 shares of the company’s stock valued at $4,252,000 after buying an additional 60,334 shares during the last quarter. Finally, Marshall Investment Management LLC boosted its position in 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 valued at $2,856,000 after buying an additional 46,805 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.