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 during mid-day trading on Monday . The company traded as high as $75.31 and last traded at $75.31, with a volume of 7699 shares trading hands. The stock had previously closed at $75.21.

Invesco PHLX Semiconductor ETF Price Performance

The stock has a 50 day simple moving average of $63.82 and a 200-day simple moving average of $59.25. The firm has a market cap of $1.41 billion, a PE ratio of 34.20 and a beta of 1.57.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.0706 dividend. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SOXQ. Jane Street Group LLC raised its stake in shares of Invesco PHLX Semiconductor ETF by 54.8% in the first quarter. Jane Street Group LLC now owns 38,491 shares of the company’s stock worth $1,295,000 after purchasing an additional 13,624 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Invesco PHLX Semiconductor ETF by 5.1% in the second quarter. Cetera Investment Advisers now owns 6,344 shares of the company’s stock valued at $277,000 after acquiring an additional 305 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position 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 valued at $42,000 after acquiring an additional 505 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Invesco PHLX Semiconductor ETF in the second quarter valued at about $345,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Invesco PHLX Semiconductor ETF by 215.6% in the second quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock valued at $10,698,000 after acquiring an additional 167,554 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.