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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) reached a new 52-week high during trading on Wednesday . The stock traded as high as $65.74 and last traded at $65.5610, with a volume of 8905 shares traded. The stock had previously closed at $63.90.

Invesco PHLX Semiconductor ETF Price Performance

The company has a 50-day moving average price of $58.07 and a 200 day moving average price of $52.22. The firm has a market capitalization of $969.07 million, a PE ratio of 34.20 and a beta of 1.57.

Invesco PHLX Semiconductor ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.0621 per share. This represents a $0.25 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Inflows and Outflows

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