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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)’s stock price crossed 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 Trading Down 2.5 %

The company has a 50-day moving average of $40.15 and a 200-day moving average of $40.71. The firm has a market capitalization of $481.23 million, a P/E ratio of 29.37 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.068 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a dividend yield of 0.71%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Beacon Capital Management LLC bought a new position in shares of Invesco PHLX Semiconductor ETF in the 2nd quarter worth about $55,000. Future Financial Wealth Managment LLC bought a new position in shares of Invesco PHLX Semiconductor ETF in the 3rd quarter worth about $58,000. Farther Finance Advisors LLC raised its position in shares of Invesco PHLX Semiconductor ETF by 14.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock worth $88,000 after acquiring an additional 275 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Invesco PHLX Semiconductor ETF in the 3rd quarter worth about $221,000. Finally, PFG Investments LLC bought a new position in shares of Invesco PHLX Semiconductor ETF in the 2nd quarter worth about $477,000.

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.