Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Hits New 12-Month High – Should You Buy?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)’s stock price hit a new 52-week high on Monday . The company traded as high as $75.31 and last traded at $75.31, with a volume of 7699 shares traded. The stock had previously closed at $75.21.

Invesco PHLX Semiconductor ETF Stock Down 0.5%

The business has a 50-day moving average price of $63.82 and a two-hundred day moving average price of $59.25. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 34.20 and a beta of 1.57.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.0706 dividend. 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 dividend on an annualized basis and a yield of 0.4%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd purchased a new stake in Invesco PHLX Semiconductor ETF during the third quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. grew its position in Invesco PHLX Semiconductor ETF by 112.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock worth $42,000 after acquiring an additional 505 shares during the last quarter. Royal Bank of Canada raised its stake in Invesco PHLX Semiconductor ETF by 118.7% during the fourth quarter. Royal Bank of Canada now owns 1,286 shares of the company’s stock valued at $72,000 after buying an additional 698 shares during the last quarter. Fifth Third Bancorp purchased a new position in Invesco PHLX Semiconductor ETF during the third quarter valued at $101,000. Finally, SG Americas Securities LLC purchased a new position in Invesco PHLX Semiconductor ETF during the third quarter valued at $103,000.

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.