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

by · The Markets Daily

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ – Get Free Report) saw an uptick in trading volume on Friday . 1,323,939 shares changed hands during trading, an increase of 151% from the previous session’s volume of 527,307 shares.The stock last traded at $56.1310 and had previously closed at $58.43.

Invesco PHLX Semiconductor ETF Stock Performance

The company has a 50 day moving average of $54.62 and a 200 day moving average of $47.96. The stock has a market capitalization of $657.71 million, a price-to-earnings ratio of 34.20 and a beta of 1.57.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a dividend of $0.0741 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.30 annualized dividend and a yield of 0.5%. This is a boost from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.07.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Institutional investors have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd purchased a new stake in Invesco PHLX Semiconductor ETF in the 3rd quarter valued at $35,000. Northwestern Mutual Wealth Management Co. raised its stake in Invesco PHLX Semiconductor ETF by 112.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock worth $42,000 after purchasing an additional 505 shares during the period. Fifth Third Bancorp acquired a new position in Invesco PHLX Semiconductor ETF in the 3rd quarter valued at about $101,000. SG Americas Securities LLC purchased a new stake in shares of Invesco PHLX Semiconductor ETF in the 3rd quarter valued at approximately $103,000. Finally, FWL Investment Management LLC increased its holdings in shares of Invesco PHLX Semiconductor ETF by 8.1% during the 2nd quarter. FWL Investment Management LLC now owns 3,086 shares of the company’s stock worth $135,000 after buying an additional 231 shares during the last quarter.

About Invesco PHLX Semiconductor ETF

(Get Free Report)

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.

Featured Articles