Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Strong Trading Volume – Should You Buy?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) shares saw an uptick in trading volume on Monday . Approximately 1,326,535 shares changed hands during trading, a decline of 26% from the previous session’s volume of 1,802,711 shares.The stock last traded at $94.12 and had previously closed at $91.86.

Invesco PHLX Semiconductor ETF Stock Performance

The firm’s 50-day simple moving average is $100.89 and its 200 day simple moving average is $78.04. The stock has a market capitalization of $2.41 billion, a P/E ratio of 34.20 and a beta of 1.76.

Invesco PHLX Semiconductor ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.0773 per share. This represents a $0.31 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in Invesco PHLX Semiconductor ETF by 21.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,510 shares of the company’s stock valued at $3,375,000 after purchasing an additional 10,510 shares during the last quarter. Condor Capital Management raised its stake in Invesco PHLX Semiconductor ETF by 58.0% in the fourth quarter. Condor Capital Management now owns 192,807 shares of the company’s stock valued at $10,753,000 after buying an additional 70,746 shares during the period. Meridian Wealth Management LLC bought a new stake in Invesco PHLX Semiconductor ETF in the fourth quarter valued at approximately $1,849,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Invesco PHLX Semiconductor ETF by 19.3% in 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 last quarter. Finally, Meitav Investment House Ltd. boosted its stake in shares of Invesco PHLX Semiconductor ETF by 2.5% during the 1st quarter. Meitav Investment House Ltd. now owns 95,370 shares of the company’s stock worth $5,694,000 after acquiring an additional 2,300 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.