Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Shares Gap Up – Still a Buy?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) gapped up prior to trading on Friday . The stock had previously closed at $39.26, but opened at $40.49. Invesco PHLX Semiconductor ETF shares last traded at $40.50, with a volume of 15,797 shares trading hands.

Invesco PHLX Semiconductor ETF Trading Up 3.4 %

The business has a fifty day simple moving average of $40.11 and a two-hundred day simple moving average of $40.69. The company has a market cap of $506.81 million, a PE 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. Shareholders of record on Monday, September 23rd were paid a dividend of $0.068 per share. The ex-dividend date of this dividend was Monday, September 23rd. 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.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC purchased a new stake in Invesco PHLX Semiconductor ETF during the third quarter worth about $221,000. Flow Traders U.S. LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF in the third quarter valued at approximately $893,000. Kovack Advisors Inc. grew its holdings in shares of Invesco PHLX Semiconductor ETF by 50.2% in the third quarter. Kovack Advisors Inc. now owns 25,000 shares of the company’s stock valued at $1,018,000 after purchasing an additional 8,350 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Invesco PHLX Semiconductor ETF by 58.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 31,000 shares of the company’s stock worth $1,263,000 after buying an additional 11,400 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Invesco PHLX Semiconductor ETF by 14.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock worth $88,000 after buying an additional 275 shares in the last quarter.

About Invesco PHLX Semiconductor ETF

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.