Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Hits New 52-Week High – Time to Buy?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)’s share price 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 changing hands. The stock had previously closed at $101.33.

Invesco PHLX Semiconductor ETF Trading Down 1.3%

The firm’s 50-day moving average price is $76.92 and its two-hundred day moving average price is $65.52. The stock has a market cap of $1.93 billion, a PE ratio of 34.20 and a beta of 1.74.

Invesco PHLX Semiconductor ETF Increases Dividend

The company 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 a boost 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 annualized dividend and a dividend yield of 0.3%.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers raised its holdings in shares of Invesco PHLX Semiconductor ETF by 2.8% during the fourth quarter. Cetera Investment Advisers now owns 6,678 shares of the company’s stock worth $372,000 after purchasing an additional 182 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Invesco PHLX Semiconductor ETF by 0.8% in the fourth quarter. Global Retirement Partners LLC now owns 23,318 shares of the company’s stock valued at $1,300,000 after purchasing an additional 189 shares during the period. JPMorgan Chase & Co. grew its position in shares of Invesco PHLX Semiconductor ETF by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 81,118 shares of the company’s stock valued at $4,066,000 after purchasing an additional 235 shares during the period. Almanack Investment Partners LLC. grew its position in shares of Invesco PHLX Semiconductor ETF by 2.2% in the fourth quarter. Almanack Investment Partners LLC. now owns 15,437 shares of the company’s stock valued at $861,000 after purchasing an additional 333 shares during the period. Finally, Corient Private Wealth LLC boosted its position in Invesco PHLX Semiconductor ETF by 1.5% during the fourth quarter. Corient Private Wealth LLC now owns 26,706 shares of the company’s stock worth $1,489,000 after acquiring an additional 385 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.