Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Strong Trading Volume – Time to Buy?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw unusually-strong trading volume on Monday . 1,326,535 shares traded hands during mid-day trading, a decline of 26% from the previous session’s volume of 1,802,711 shares.The stock last traded at $94.12 and had previously closed at $91.86.

Invesco PHLX Semiconductor ETF Stock Performance

The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 34.20 and a beta of 1.76. The business’s 50 day moving average price is $100.94 and its 200 day moving average price is $78.58.

Invesco PHLX Semiconductor ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.0773 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.31 dividend on an annualized basis and a yield of 0.3%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its position in shares of Invesco PHLX Semiconductor ETF by 2.8% during the 4th quarter. Cetera Investment Advisers now owns 6,678 shares of the company’s stock valued at $372,000 after buying an additional 182 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Invesco PHLX Semiconductor ETF by 0.8% in the 4th quarter. Global Retirement Partners LLC now owns 23,318 shares of the company’s stock worth $1,300,000 after acquiring an additional 189 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Invesco PHLX Semiconductor ETF by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 81,118 shares of the company’s stock worth $4,066,000 after acquiring an additional 235 shares in the last quarter. Almanack Investment Partners LLC. raised its position in Invesco PHLX Semiconductor ETF by 2.2% during the fourth quarter. Almanack Investment Partners LLC. now owns 15,437 shares of the company’s stock worth $861,000 after acquiring an additional 333 shares during the period. Finally, Corient Private Wealth LLC raised its position in Invesco PHLX Semiconductor ETF by 1.5% during the fourth quarter. Corient Private Wealth LLC now owns 26,706 shares of the company’s stock worth $1,489,000 after acquiring an additional 385 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.