Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sets New 12-Month High – Still a Buy?

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

Invesco PHLX Semiconductor ETF Trading Up 2.5%

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

Invesco PHLX Semiconductor ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.0706 dividend. The ex-dividend date of this dividend was Monday, March 23rd. 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.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Large investors have recently bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in shares of Invesco PHLX Semiconductor ETF by 215.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock worth $10,698,000 after acquiring an additional 167,554 shares in the last quarter. NorthRock Partners LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF in the third quarter worth $6,596,000. Condor Capital Management boosted its holdings in 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 purchasing an additional 70,746 shares during the last quarter. VestGen Advisors LLC grew its position in Invesco PHLX Semiconductor ETF by 379.3% in 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 in the last quarter. Finally, Marshall Investment Management LLC grew its position 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 purchasing an additional 46,805 shares in the last quarter.

Invesco PHLX Semiconductor ETF Company Profile

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.