How To Buy Invesco PHLX Semiconductor ETF (SOXQ) Stock

How To Buy SOXQ

Invesco PHLX Semiconductor ETF (SOXQ) is an ETF listed on the NASDAQ exchange, which means you can buy the stock from most online brokers. Follow the steps below to learn how to purchase shares of SOXQ.

1. Find a reliable broker.

   Don't worry, it's easy and free to open a brokerage account. Below are our favorite brokers where you can buy Invesco PHLX Semiconductor ETF from:

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2. Fund your new account.

   You'll need to transfer money into your new brokerage account before you can buy the stock. Transferring via a bank transfer is recommended and the most common way to fund an account. Some brokers might allow funding via a debit or credit card.

3. Search for SOXQ.

   When your funds are settled into your account, look for Invesco PHLX Semiconductor ETF on your broker by searching for the company name: Invesco PHLX Semiconductor ETF or the ticker symbol: SOXQ.

4. Buy the stock.

   Once that you've found Invesco PHLX Semiconductor ETF on your broker, submit a purchase order to buy shares of the stock (currently $40.75 a share). Depending on when you purchase, the stock might be higher or lower than the price listed. You may also be able to purchase fractional shares depending on your broker.

   Once your order gets fulfilled, you've purchased your first shares of Invesco PHLX Semiconductor ETF.

   Tips When Buying

   When submitting your order, you may choose to buy shares of Invesco PHLX Semiconductor ETF at the market price with a market order or at a set price using a limit order.

   • Market order: Buys the stock immediately at its current price.
   • Limit order: Buys the stock only once it reaches your target price.

   By default all purchases are considered market orders unless specified otherwise. Limit orders are great for when you only want to buy shares of SOXQ at a specific price.

Should You Buy SOXQ Stock Now?

In the past week the price per share of Invesco PHLX Semiconductor ETF has gone up ↑1.58 (4.03%) while the daily volume has decreased significantly. You should buy SOXQ now if you think the stock will continue going up in price.

In the end, you should be comfortable with the risk of the investment and only buy shares of SOXQ when you feel the time is right.