Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Reaches New 1-Year High – Should You Buy?

Shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) hit a new 52-week high during trading on Monday . The company traded as high as $110.62 and last traded at $109.43, with a volume of 1008151 shares traded. The stock had previously closed at $105.29.

Invesco PHLX Semiconductor ETF Price Performance

The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 34.20 and a beta of 1.78. The business has a fifty day moving average price of $88.74 and a 200 day moving average price of $70.41.

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 issued a dividend of $0.0706 per share. This represents a $0.28 dividend on an annualized basis and a dividend 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 Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Ameriprise Financial Inc. increased its position in shares of Invesco PHLX Semiconductor ETF by 215.6% during the second quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock valued at $10,698,000 after purchasing an additional 167,554 shares during the period. NorthRock Partners LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF during the third quarter valued at approximately $6,596,000. 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 valued at $10,753,000 after purchasing an additional 70,746 shares during the period. VestGen Advisors LLC increased its position in shares of Invesco PHLX Semiconductor ETF by 379.3% during the fourth quarter. VestGen Advisors LLC now owns 76,239 shares of the company’s stock valued at $4,252,000 after purchasing an additional 60,334 shares during the period. Finally, Marshall Investment Management LLC increased its position 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 valued at $2,856,000 after purchasing an additional 46,805 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.