Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Reaches New 12-Month High – Here’s Why

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $95.49 and last traded at $94.24, with a volume of 927133 shares traded. The stock had previously closed at $94.59.

Invesco PHLX Semiconductor ETF Price Performance

The company has a market capitalization of $1.83 billion, a P/E ratio of 34.20 and a beta of 1.74. The business has a 50-day moving average of $70.27 and a 200-day moving average of $62.83.

Invesco PHLX Semiconductor ETF Increases Dividend

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

Institutional Trading of Invesco PHLX Semiconductor ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers lifted its position in shares of Invesco PHLX Semiconductor ETF by 78.8% during the first quarter. Cetera Investment Advisers now owns 11,940 shares of the company’s stock worth $713,000 after purchasing an additional 5,262 shares during the last quarter. Pacific Sun Financial Corp increased its stake in shares of Invesco PHLX Semiconductor ETF by 4.8% during the first quarter. Pacific Sun Financial Corp now owns 11,472 shares of the company’s stock valued at $685,000 after buying an additional 530 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Invesco PHLX Semiconductor ETF during the first quarter valued at $39,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Invesco PHLX Semiconductor ETF by 19.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 29,000 shares of the company’s stock valued at $1,731,000 after buying an additional 4,700 shares during the period. Finally, Meitav Investment House Ltd. increased its stake in shares of Invesco PHLX Semiconductor ETF by 2.5% during the first quarter. Meitav Investment House Ltd. now owns 95,370 shares of the company’s stock valued at $5,694,000 after buying an additional 2,300 shares during the period.

About Invesco PHLX Semiconductor ETF

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.