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

Shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw an uptick in trading volume on Monday . 1,326,535 shares traded hands during trading, a decline of 26% from the previous session’s volume of 1,802,711 shares.The stock last traded at $94.12 and had previously closed at $91.86.

Invesco PHLX Semiconductor ETF Stock Up 2.4%

The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 34.20 and a beta of 1.76. The company’s fifty day moving average is $100.89 and its two-hundred day moving average is $78.04.

Invesco PHLX Semiconductor ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.0773 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.3%.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SOXQ. Cetera Investment Advisers boosted its position in shares of Invesco PHLX Semiconductor ETF by 2.8% during the fourth quarter. Cetera Investment Advisers now owns 6,678 shares of the company’s stock worth $372,000 after buying an additional 182 shares during the period. Global Retirement Partners LLC lifted its stake in Invesco PHLX Semiconductor ETF by 0.8% in the 4th quarter. Global Retirement Partners LLC now owns 23,318 shares of the company’s stock valued at $1,300,000 after acquiring an additional 189 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Invesco PHLX Semiconductor ETF by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 81,118 shares of the company’s stock valued at $4,066,000 after acquiring an additional 235 shares in the last quarter. Almanack Investment Partners LLC. boosted its position in Invesco PHLX Semiconductor ETF by 2.2% during the 4th quarter. Almanack Investment Partners LLC. now owns 15,437 shares of the company’s stock worth $861,000 after acquiring an additional 333 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its position in Invesco PHLX Semiconductor ETF by 1.5% during the 4th quarter. Corient Private Wealth LLC now owns 26,706 shares of the company’s stock worth $1,489,000 after acquiring an additional 385 shares during 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.