Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sets New 1-Year High After Dividend Announcement

Shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) reached a new 52-week high during trading on Monday after the company announced a dividend. The stock traded as high as $114.80 and last traded at $114.80, with a volume of 63557 shares changing hands. The stock had previously closed at $112.78.

The newly announced dividend which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be issued a dividend of $0.0773 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.31 dividend on an annualized basis and a yield of 0.3%.

Invesco PHLX Semiconductor ETF Trading Down 7.8%

The firm has a market cap of $2.05 billion, a P/E ratio of 34.20 and a beta of 1.78. The business’s fifty day simple moving average is $93.18 and its 200-day simple moving average is $72.34.

Institutional Trading of Invesco PHLX Semiconductor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd bought a new position in Invesco PHLX Semiconductor ETF in the 3rd quarter worth about $35,000. Global Assets Advisory LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF during the first quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco PHLX Semiconductor ETF by 112.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock valued at $42,000 after buying an additional 505 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Invesco PHLX Semiconductor ETF in the first quarter worth about $44,000. Finally, Royal Bank of Canada boosted its position in shares of Invesco PHLX Semiconductor ETF by 118.7% in the fourth quarter. Royal Bank of Canada now owns 1,286 shares of the company’s stock valued at $72,000 after acquiring an additional 698 shares during the period.

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.