Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sets New 1-Year High – Time to Buy?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) shares hit a new 52-week high during trading on Friday . The stock traded as high as $83.32 and last traded at $82.65, with a volume of 670567 shares changing hands. The stock had previously closed at $82.65.

Invesco PHLX Semiconductor ETF Price Performance

The firm has a fifty day simple moving average of $66.57 and a 200 day simple moving average of $60.90. The company has a market capitalization of $1.59 billion, a price-to-earnings 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. Shareholders of record on Monday, March 23rd were issued a $0.0706 dividend. The ex-dividend date of this dividend was Monday, March 23rd. 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 yield of 0.3%.

Institutional Trading of Invesco PHLX Semiconductor ETF

Several institutional investors have recently bought and sold shares of SOXQ. Qube Research & Technologies Ltd acquired a new stake in shares of Invesco PHLX Semiconductor ETF in the third quarter valued at about $35,000. Global Assets Advisory LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF in the first quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. grew 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 purchasing an additional 505 shares during the period. Royal Bank of Canada grew its position in shares of Invesco PHLX Semiconductor ETF by 118.7% in the fourth quarter. Royal Bank of Canada now owns 1,286 shares of the company’s stock valued at $72,000 after purchasing an additional 698 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in shares of Invesco PHLX Semiconductor ETF in the third quarter valued at about $101,000.

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.