Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Unusually-High Trading Volume – What’s Next?

Shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw unusually-strong trading volume on Tuesday . Approximately 828,001 shares were traded during mid-day trading, an increase of 61% from the previous session’s volume of 514,563 shares.The stock last traded at $51.8180 and had previously closed at $52.79.

Invesco PHLX Semiconductor ETF Trading Down 1.2%

The stock’s 50-day simple moving average is $52.41 and its 200-day simple moving average is $45.81. The stock has a market cap of $617.34 million, a price-to-earnings 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, September 26th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.0741 per share. This is a boost from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.07. The ex-dividend date was Monday, September 22nd. This represents a $0.30 dividend on an annualized basis and a yield of 0.6%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SOXQ. Envestnet Asset Management Inc. raised its stake in Invesco PHLX Semiconductor ETF by 5.5% in the first quarter. Envestnet Asset Management Inc. now owns 14,896 shares of the company’s stock valued at $501,000 after purchasing an additional 772 shares in the last quarter. Kovack Advisors Inc. raised its position in shares of Invesco PHLX Semiconductor ETF by 14.9% in the 1st quarter. Kovack Advisors Inc. now owns 27,660 shares of the company’s stock valued at $931,000 after buying an additional 3,580 shares in the last quarter. Condor Capital Management raised its position in shares of Invesco PHLX Semiconductor ETF by 3.0% in the 1st quarter. Condor Capital Management now owns 67,844 shares of the company’s stock valued at $2,283,000 after buying an additional 1,968 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Invesco PHLX Semiconductor ETF by 54.8% during the 1st quarter. Jane Street Group LLC now owns 38,491 shares of the company’s stock worth $1,295,000 after acquiring an additional 13,624 shares during the period. Finally, WBI Investments LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF during the 1st quarter worth approximately $613,000.

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.