Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Unusually-High Trading Volume – Here’s Why

Shares of Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw strong trading volume on Tuesday . 338,372 shares changed hands during trading, an increase of 3% from the previous session’s volume of 329,407 shares.The stock last traded at $41.10 and had previously closed at $42.79.

Invesco PHLX Semiconductor ETF Price Performance

The stock has a market capitalization of $504.51 million, a price-to-earnings ratio of 29.37 and a beta of 1.56. The company has a 50-day simple moving average of $39.56 and a two-hundred day simple moving average of $40.09.

Invesco PHLX Semiconductor ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.068 per share. This represents a $0.27 dividend on an annualized basis and a yield of 0.67%. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, September 23rd.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Several large investors have recently made changes to their positions in SOXQ. Future Financial Wealth Managment LLC bought a new position in Invesco PHLX Semiconductor ETF in the 1st quarter worth approximately $54,000. Kovack Advisors Inc. increased its holdings in shares of Invesco PHLX Semiconductor ETF by 28.6% during the first quarter. Kovack Advisors Inc. now owns 16,850 shares of the company’s stock valued at $650,000 after purchasing an additional 3,750 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF during the first quarter valued at about $297,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Invesco PHLX Semiconductor ETF in the first quarter worth about $251,000. Finally, Oppenheimer & Co. Inc. grew its position in Invesco PHLX Semiconductor ETF by 15.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 37,961 shares of the company’s stock valued at $1,465,000 after buying an additional 5,054 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.