Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Reaches New 52-Week High After Dividend Announcement

Shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) reached a new 52-week high during mid-day trading on Monday after the company announced a dividend. The stock traded as high as $49.89 and last traded at $49.81, with a volume of 147778 shares. The stock had previously closed at $49.08.

The newly announced dividend which will be paid on Friday, September 26th. Shareholders of record on Monday, September 22nd will be given a $0.0741 dividend. This represents a $0.30 annualized dividend and a yield of 0.6%. This is a boost from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Monday, September 22nd.

Invesco PHLX Semiconductor ETF Price Performance

The firm has a 50-day simple moving average of $45.61 and a 200 day simple moving average of $40.05. The company has a market capitalization of $559.28 million, a PE ratio of 34.20 and a beta of 1.56.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SOXQ. Ameriprise Financial Inc. raised its position in 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 purchasing an additional 167,554 shares during the period. Retirement Guys Formula LLC purchased a new position in Invesco PHLX Semiconductor ETF in the second quarter valued at about $5,460,000. Meitav Investment House Ltd. purchased a new position in Invesco PHLX Semiconductor ETF in the second quarter valued at about $4,812,000. Capital Investment Advisors LLC purchased a new position in Invesco PHLX Semiconductor ETF in the second quarter valued at about $1,668,000. Finally, Sowell Financial Services LLC purchased a new position in Invesco PHLX Semiconductor ETF in the second quarter valued at about $1,501,000.

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.