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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $95.49 and last traded at $94.24, with a volume of 927133 shares trading hands. The stock had previously closed at $94.59.

Invesco PHLX Semiconductor ETF Stock Up 0.4%

The stock has a market cap of $1.83 billion, a PE ratio of 34.20 and a beta of 1.74. The firm has a 50 day moving average price of $70.27 and a 200 day moving average price of $62.83.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.0706 per share. This is an increase 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%.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its stake in Invesco PHLX Semiconductor ETF by 3.6% in the fourth quarter. LPL Financial LLC now owns 305,196 shares of the company’s stock valued at $17,021,000 after purchasing an additional 10,471 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Invesco PHLX Semiconductor ETF by 215.6% in the second quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock valued at $10,698,000 after purchasing an additional 167,554 shares during the last quarter. Condor Capital Management grew its stake in Invesco PHLX Semiconductor ETF by 58.0% in the fourth quarter. Condor Capital Management now owns 192,807 shares of the company’s stock valued at $10,753,000 after purchasing an additional 70,746 shares during the last quarter. Bank of America Corp DE grew its stake in Invesco PHLX Semiconductor ETF by 9.5% in the second quarter. Bank of America Corp DE now owns 173,182 shares of the company’s stock valued at $7,561,000 after purchasing an additional 15,066 shares during the last quarter. Finally, NorthRock Partners LLC purchased a new position in Invesco PHLX Semiconductor ETF in the third quarter valued at about $6,596,000.

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.