Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Hits New 52-Week High – What’s Next?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $66.00 and last traded at $65.8190, with a volume of 4839 shares changing hands. The stock had previously closed at $65.27.

Invesco PHLX Semiconductor ETF Stock Performance

The company has a market cap of $1.01 billion, a price-to-earnings ratio of 34.20 and a beta of 1.57. The business has a fifty day moving average price of $59.89 and a 200 day moving average price of $53.62.

Invesco PHLX Semiconductor ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.0621 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.25 annualized dividend and a yield of 0.4%.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SOXQ. Ameriprise Financial Inc. increased its position in Invesco PHLX Semiconductor ETF by 215.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock worth $10,698,000 after purchasing an additional 167,554 shares in the last quarter. NorthRock Partners LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF during the third quarter worth $6,596,000. Condor Capital Management increased its holdings in shares of Invesco PHLX Semiconductor ETF by 58.0% during the fourth quarter. Condor Capital Management now owns 192,807 shares of the company’s stock worth $10,753,000 after buying an additional 70,746 shares in the last quarter. Marshall Investment Management LLC increased its holdings in shares of Invesco PHLX Semiconductor ETF by 460.0% during the third quarter. Marshall Investment Management LLC now owns 56,979 shares of the company’s stock worth $2,856,000 after buying an additional 46,805 shares in the last quarter. Finally, Meridian Wealth Management LLC bought a new position in shares of Invesco PHLX Semiconductor ETF in the 4th quarter valued at $1,849,000.

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.