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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) shares saw unusually-high trading volume on Tuesday . Approximately 828,001 shares changed hands during 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 Stock Down 1.2%

The stock has a market cap of $617.34 million, a price-to-earnings ratio of 34.20 and a beta of 1.57. The company has a 50 day simple moving average of $52.41 and a 200 day simple moving average of $45.81.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a $0.0741 dividend. This represents a $0.30 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.07.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Several hedge funds have recently modified their holdings of SOXQ. Qube Research & Technologies Ltd acquired a new position in Invesco PHLX Semiconductor ETF in the 3rd quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco PHLX Semiconductor ETF by 112.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock worth $42,000 after purchasing an additional 505 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Invesco PHLX Semiconductor ETF in the third quarter valued at $101,000. SG Americas Securities LLC bought a new position in Invesco PHLX Semiconductor ETF during the 3rd quarter worth $103,000. Finally, FWL Investment Management LLC lifted its holdings in Invesco PHLX Semiconductor ETF by 8.1% during the 2nd quarter. FWL Investment Management LLC now owns 3,086 shares of the company’s stock worth $135,000 after buying an additional 231 shares during the period.

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.