The Invesco PHLX Semiconductor ETF (SOXQ) has strong returns and a Zacks ETF Rank of 1

From Nasdaq: 2024-05-27 06:20:06

The Invesco PHLX Semiconductor ETF (SOXQ) was launched on 06/11/2021, offering broad exposure to the Technology – Semiconductors sector. With assets over $412.02 million, the ETF seeks to match the performance of the PHLX SEMICONDUCTOR SECTOR INDEX. This low-cost fund has a 12-month trailing dividend yield of 0.68%.

Sector-focused ETFs like SOXQ provide diversified exposure to specific industries, with Technology – Semiconductors currently ranked at 10. With the heaviest allocation in Information Technology, the ETF’s top holdings include Nvidia Corp (NVDA), Advanced Micro Devices Inc (AMD), and Broadcom Inc (AVGO), among others.

SOXQ has delivered strong returns, up 25.35% year-to-date and 68.28% over the last year. It has a beta of 1.56 and standard deviation of 33.73% over the trailing three-year period. The ETF holds a Zacks ETF Rank of 1 (Strong Buy), making it a great choice for investors seeking exposure to the Technology ETFs segment.

For more information on the Invesco PHLX Semiconductor ETF (SOXQ) and other ETFs, visit the Zacks ETF Center. Stay informed with the top news and analysis by subscribing to Zacks’ free Fund Newsletter. Download the Zacks Investment Research app for the latest recommendations and stock analysis.



Read more at Nasdaq: Should You Invest in the Invesco PHLX Semiconductor ETF (SOXQ)?