Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $40.71 and traded as low as $38.35. Invesco PHLX Semiconductor ETF shares last traded at $38.56, with a volume of 315,768 shares traded.

Invesco PHLX Semiconductor ETF Stock Down 2.5 %

The firm has a market cap of $481.23 million, a P/E ratio of 29.37 and a beta of 1.56. The firm has a fifty day moving average of $40.15 and a 200-day moving average of $40.71.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.068 dividend. 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. This represents a $0.27 annualized dividend and a yield of 0.71%.

Institutional Trading of Invesco PHLX Semiconductor ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Beacon Capital Management LLC bought a new stake in Invesco PHLX Semiconductor ETF in the second quarter valued at approximately $55,000. Future Financial Wealth Managment LLC bought a new stake in Invesco PHLX Semiconductor ETF in the third quarter valued at approximately $58,000. Farther Finance Advisors LLC raised its stake in Invesco PHLX Semiconductor ETF by 14.6% in the third quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock valued at $88,000 after buying an additional 275 shares during the period. HighTower Advisors LLC bought a new stake in Invesco PHLX Semiconductor ETF in the third quarter valued at approximately $221,000. Finally, PFG Investments LLC bought a new stake in Invesco PHLX Semiconductor ETF in the second quarter valued at approximately $477,000.

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.