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

Shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $114.80 and last traded at $114.80, with a volume of 63557 shares trading hands. The stock had previously closed at $112.78.

Invesco PHLX Semiconductor ETF Price Performance

The firm’s 50 day moving average price is $91.52 and its 200 day moving average price is $71.58. The stock has a market capitalization of $2.22 billion, a P/E ratio of 34.20 and a beta of 1.78.

Invesco PHLX Semiconductor ETF Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be issued a $0.0773 dividend. The ex-dividend date is Monday, June 22nd.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Several hedge funds have recently made changes to their positions in SOXQ. Cetera Investment Advisers boosted its position in shares of Invesco PHLX Semiconductor ETF by 2.8% during the fourth quarter. Cetera Investment Advisers now owns 6,678 shares of the company’s stock valued at $372,000 after purchasing an additional 182 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Invesco PHLX Semiconductor ETF by 0.8% in the fourth quarter. Global Retirement Partners LLC now owns 23,318 shares of the company’s stock worth $1,300,000 after purchasing an additional 189 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Invesco PHLX Semiconductor ETF by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 81,118 shares of the company’s stock worth $4,066,000 after purchasing an additional 235 shares in the last quarter. Almanack Investment Partners LLC. lifted 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 valued at $861,000 after buying an additional 333 shares during the period. Finally, Corient Private Wealth LLC lifted 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 valued at $1,489,000 after buying 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.