Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Trading Down 2.8% – What’s Next?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) traded down 2.8% during mid-day trading on Monday . The company traded as low as $94.41 and last traded at $94.44. Approximately 1,453,554 shares were traded during mid-day trading, a decline of 21% from the average session volume of 1,838,764 shares. The stock had previously closed at $97.20.

Invesco PHLX Semiconductor ETF Price Performance

The stock’s 50-day moving average price is $99.78 and its 200 day moving average price is $81.99. The firm has a market cap of $2.77 billion, a P/E ratio of 34.20 and a beta of 1.79.

Invesco PHLX Semiconductor ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.0773 dividend. This represents a $0.31 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, June 22nd.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its holdings in Invesco PHLX Semiconductor ETF by 54.8% during the first quarter. Jane Street Group LLC now owns 38,491 shares of the company’s stock worth $1,295,000 after acquiring an additional 13,624 shares in the last quarter. Cetera Investment Advisers boosted its position in Invesco PHLX Semiconductor ETF by 5.1% during the second quarter. Cetera Investment Advisers now owns 6,344 shares of the company’s stock valued at $277,000 after purchasing an additional 305 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Invesco PHLX Semiconductor ETF by 112.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock valued at $42,000 after purchasing an additional 505 shares in the last quarter. Flow Traders U.S. LLC bought a new position in Invesco PHLX Semiconductor ETF in the second quarter valued at approximately $345,000. Finally, Ameriprise Financial Inc. increased its position in shares of Invesco PHLX Semiconductor ETF by 215.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock worth $10,698,000 after purchasing an additional 167,554 shares during the last quarter.

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.