Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Shares Break Below 200 Day Moving Average – Time to Sell?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $84.61 and traded as low as $82.16. Invesco PHLX Semiconductor ETF shares last traded at $84.12, with a volume of 3,723,785 shares traded.

Invesco PHLX Semiconductor ETF Stock Down 7.2%

The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 34.20 and a beta of 1.79. The business’s 50 day simple moving average is $93.41 and its 200 day simple moving average is $84.61.

Invesco PHLX Semiconductor ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.0845 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, September 21st. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.0773.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Hedge funds have recently bought and sold shares of the company. GRIMES & Co WEALTH MANAGEMENT LLC bought a new position in shares of Invesco PHLX Semiconductor ETF during the 3rd quarter worth approximately $723,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Invesco PHLX Semiconductor ETF by 19.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 35,300 shares of the company’s stock worth $3,509,000 after acquiring an additional 5,700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Invesco PHLX Semiconductor ETF during the 3rd quarter worth approximately $4,970,000. ERn Financial LLC bought a new stake in Invesco PHLX Semiconductor ETF in the 3rd quarter valued at $208,000. Finally, Oppenheimer & Co. Inc. bought a new stake in Invesco PHLX Semiconductor ETF in the 3rd quarter valued at $1,368,000.

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.