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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) shares hit a new 52-week high on Friday . The stock traded as high as $83.32 and last traded at $82.65, with a volume of 670567 shares. The stock had previously closed at $82.65.

Invesco PHLX Semiconductor ETF Stock Up 0.9%

The stock has a fifty day moving average of $66.57 and a two-hundred day moving average of $60.85. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 34.20 and a beta of 1.57.

Invesco PHLX Semiconductor ETF Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd purchased a new stake in Invesco PHLX Semiconductor ETF during the third quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco PHLX Semiconductor ETF by 112.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock valued at $42,000 after acquiring an additional 505 shares during the period. Royal Bank of Canada lifted its holdings in shares of Invesco PHLX Semiconductor ETF by 118.7% during the 4th quarter. Royal Bank of Canada now owns 1,286 shares of the company’s stock valued at $72,000 after acquiring an additional 698 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Invesco PHLX Semiconductor ETF during the 3rd quarter valued at $101,000. Finally, SG Americas Securities LLC purchased a new stake in Invesco PHLX Semiconductor ETF during the 3rd quarter worth $103,000.

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.