Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Hits New 12-Month High – What’s Next?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) shares hit a new 52-week high on Monday . The company traded as high as $58.34 and last traded at $58.0310, with a volume of 98908 shares traded. The stock had previously closed at $57.44.

Invesco PHLX Semiconductor ETF Trading Up 0.4%

The firm has a market capitalization of $682.93 million, a PE ratio of 34.20 and a beta of 1.57. The stock’s 50 day moving average price is $54.01 and its two-hundred day moving average price is $47.52.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a $0.0741 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Monday, September 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SOXQ. Ameriprise Financial Inc. boosted its stake in shares of 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 purchasing an additional 167,554 shares during the last quarter. NorthRock Partners LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF in the third quarter valued at approximately $6,596,000. Retirement Guys Formula LLC acquired a new stake in Invesco PHLX Semiconductor ETF during the second quarter worth approximately $5,460,000. Meitav Investment House Ltd. purchased a new stake in Invesco PHLX Semiconductor ETF in the 2nd quarter worth approximately $4,812,000. Finally, Condor Capital Management raised its holdings in Invesco PHLX Semiconductor ETF by 79.9% in the 3rd quarter. Condor Capital Management now owns 122,061 shares of the company’s stock valued at $6,118,000 after acquiring an additional 54,217 shares during the last quarter.

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.