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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) shares saw an uptick in trading volume on Friday . 1,659,032 shares were traded during mid-day trading, an increase of 56% from the previous session’s volume of 1,062,412 shares.The stock last traded at $82.30 and had previously closed at $79.34.

Invesco PHLX Semiconductor ETF Stock Performance

The firm’s 50 day moving average price is $64.85 and its two-hundred day moving average price is $59.85. The firm has a market cap of $1.59 billion, a PE ratio of 34.20 and a beta of 1.57.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.0706 dividend. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.3%.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its stake in shares of Invesco PHLX Semiconductor ETF by 54.8% in the 1st quarter. Jane Street Group LLC now owns 38,491 shares of the company’s stock valued at $1,295,000 after purchasing an additional 13,624 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Invesco PHLX Semiconductor ETF by 5.1% during the 2nd quarter. Cetera Investment Advisers now owns 6,344 shares of the company’s stock worth $277,000 after purchasing an additional 305 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco PHLX Semiconductor ETF by 112.5% in the 2nd 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. Flow Traders U.S. LLC purchased a new stake in Invesco PHLX Semiconductor ETF in the 2nd quarter valued at about $345,000. Finally, Ameriprise Financial Inc. lifted its position in 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 buying an additional 167,554 shares during 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.