Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Large Volume Increase – Time to Buy?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw unusually-high trading volume on Wednesday . Approximately 1,993,983 shares were traded during mid-day trading, an increase of 144% from the previous session’s volume of 816,420 shares.The stock last traded at $58.8140 and had previously closed at $62.72.

Invesco PHLX Semiconductor ETF Stock Performance

The stock’s 50-day moving average is $58.74 and its two-hundred day moving average is $52.71. The stock has a market cap of $931.04 million, a PE ratio of 34.20 and a beta of 1.57.

Invesco PHLX Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.0621 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, December 22nd.

Institutional Trading of Invesco PHLX Semiconductor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FWL Investment Management LLC grew its holdings in shares of Invesco PHLX Semiconductor ETF by 8.1% in the second quarter. FWL Investment Management LLC now owns 3,086 shares of the company’s stock valued at $135,000 after purchasing an additional 231 shares in the last quarter. CWM LLC increased its position in shares of Invesco PHLX Semiconductor ETF by 1.6% during the third quarter. CWM LLC now owns 14,560 shares of the company’s stock worth $730,000 after acquiring an additional 235 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Invesco PHLX Semiconductor ETF by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 81,118 shares of the company’s stock valued at $4,066,000 after acquiring an additional 235 shares in the last quarter. Cetera Investment Advisers grew its stake in Invesco PHLX Semiconductor ETF by 5.1% during the 2nd quarter. Cetera Investment Advisers now owns 6,344 shares of the company’s stock worth $277,000 after purchasing an additional 305 shares in the last quarter. Finally, Almanack Investment Partners LLC. grew its stake in Invesco PHLX Semiconductor ETF by 2.2% during the 4th quarter. Almanack Investment Partners LLC. now owns 15,437 shares of the company’s stock worth $861,000 after purchasing an additional 333 shares in the last quarter.

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.