Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Large Volume Increase – What’s Next?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw strong trading volume on Tuesday . 3,980,302 shares changed hands during trading, an increase of 170% from the previous session’s volume of 1,472,606 shares.The stock last traded at $93.27 and had previously closed at $101.61.

Invesco PHLX Semiconductor ETF Stock Down 3.8%

The business has a 50 day simple moving average of $83.52 and a 200 day simple moving average of $68.24. The company has a market capitalization of $1.88 billion, a PE ratio of 34.20 and a beta of 1.78.

Invesco PHLX Semiconductor ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Investment Management LLC raised its stake in Invesco PHLX Semiconductor ETF by 460.0% in the third quarter. Marshall Investment Management LLC now owns 56,979 shares of the company’s stock valued at $2,856,000 after buying an additional 46,805 shares during the last quarter. WBI Investments LLC raised its stake in Invesco PHLX Semiconductor ETF by 49.0% in the third quarter. WBI Investments LLC now owns 46,306 shares of the company’s stock valued at $2,321,000 after buying an additional 15,232 shares during the last quarter. Bright Futures Wealth Management LLC. acquired a new position in shares of Invesco PHLX Semiconductor ETF in the third quarter valued at about $737,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Invesco PHLX Semiconductor ETF by 21.0% in the fourth 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 period. Finally, Condor Capital Management increased its holdings in shares of 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 purchasing an additional 70,746 shares during the period.

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.