Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sets New 1-Year High – What’s Next?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) hit a new 52-week high on Thursday . The company traded as high as $103.38 and last traded at $100.01, with a volume of 2906033 shares changing hands. The stock had previously closed at $101.33.

Invesco PHLX Semiconductor ETF Price Performance

The company has a market cap of $1.93 billion, a P/E ratio of 34.20 and a beta of 1.74. The company’s 50-day moving average is $76.92 and its two-hundred day moving average is $65.52.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued 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 yield of 0.3%. The ex-dividend date was Monday, March 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SOXQ. Western Wealth Management LLC purchased a new position in shares of Invesco PHLX Semiconductor ETF during the 1st quarter valued at $44,000. Royal Bank of Canada increased its holdings in shares of Invesco PHLX Semiconductor ETF by 2,784.8% in the 1st quarter. Royal Bank of Canada now owns 37,099 shares of the company’s stock worth $2,215,000 after buying an additional 35,813 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Invesco PHLX Semiconductor ETF by 78.8% in the 1st quarter. Cetera Investment Advisers now owns 11,940 shares of the company’s stock worth $713,000 after buying an additional 5,262 shares during the last quarter. Pacific Sun Financial Corp increased its holdings in shares of Invesco PHLX Semiconductor ETF by 4.8% in the 1st quarter. Pacific Sun Financial Corp now owns 11,472 shares of the company’s stock worth $685,000 after buying an additional 530 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF in the 1st quarter worth about $39,000.

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.