Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Reaches New 1-Year High – Here’s What Happened

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) shares reached a new 52-week high during trading on Friday . The company traded as high as $95.67 and last traded at $95.27, with a volume of 47035 shares trading hands. The stock had previously closed at $94.17.

Invesco PHLX Semiconductor ETF Trading Up 2.5%

The company has a 50 day moving average of $73.94 and a 200 day moving average of $64.32. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 34.20 and a beta of 1.74.

Invesco PHLX Semiconductor ETF Increases Dividend

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

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Several institutional investors and hedge funds have recently modified their holdings of SOXQ. LPL Financial LLC increased its stake in Invesco PHLX Semiconductor ETF by 3.6% during the 4th quarter. LPL Financial LLC now owns 305,196 shares of the company’s stock worth $17,021,000 after purchasing an additional 10,471 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Invesco PHLX Semiconductor ETF by 215.6% in the second quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock valued at $10,698,000 after buying an additional 167,554 shares during the period. Condor Capital Management increased its position 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 acquiring an additional 70,746 shares in the last quarter. Bank of America Corp DE increased its position in shares of Invesco PHLX Semiconductor ETF by 9.5% during the second quarter. Bank of America Corp DE now owns 173,182 shares of the company’s stock worth $7,561,000 after acquiring an additional 15,066 shares in the last quarter. Finally, NorthRock Partners LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF during the third quarter worth $6,596,000.

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.