Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Large Volume Increase – Time to Buy?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw unusually-strong trading volume on Tuesday . Approximately 338,372 shares were traded during mid-day 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 Stock Up 1.0 %

The business’s fifty day moving average is $39.76 and its two-hundred day moving average is $40.11. The stock has a market cap of $516.35 million, a price-to-earnings ratio of 29.37 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.068 dividend. This is a boost from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, September 23rd.

Institutional Trading of Invesco PHLX Semiconductor ETF

A number of large investors have recently made changes to their positions in SOXQ. Global X Japan Co. Ltd. increased its stake in Invesco PHLX Semiconductor ETF by 224.9% in the second quarter. Global X Japan Co. Ltd. now owns 326,780 shares of the company’s stock valued at $14,081,000 after purchasing an additional 226,210 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Invesco PHLX Semiconductor ETF in the 1st quarter valued at $7,190,000. Banco BTG Pactual S.A. raised its stake in Invesco PHLX Semiconductor ETF by 167.8% during the 1st quarter. Banco BTG Pactual S.A. now owns 79,645 shares of the company’s stock worth $3,074,000 after acquiring an additional 49,900 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in Invesco PHLX Semiconductor ETF by 15.4% in the first quarter. Oppenheimer & Co. Inc. now owns 37,961 shares of the company’s stock valued at $1,465,000 after acquiring an additional 5,054 shares during the last quarter. Finally, Avantax Advisory Services Inc. acquired a new position in Invesco PHLX Semiconductor ETF in the first quarter valued at $1,252,000.

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.