Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Stock Breaks Below Two Hundred Day Moving Average – Here’s Why

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) shares 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 trading hands.

Invesco PHLX Semiconductor ETF Trading Down 7.2%

The company 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 moving average price is $93.41 and its 200-day moving average price is $84.61.

Invesco PHLX Semiconductor ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Several hedge funds have recently bought and sold shares of SOXQ. Sequoia Financial Advisors LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF during the second quarter worth approximately $625,000. Baird Financial Group Inc. bought a new position in shares of Invesco PHLX Semiconductor ETF during the second quarter worth approximately $2,191,000. Nwam LLC bought a new position in shares of Invesco PHLX Semiconductor ETF during the second quarter worth approximately $10,225,000. Pointe Capital Management LLC bought a new position in shares of Invesco PHLX Semiconductor ETF during the second quarter worth approximately $1,052,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Invesco PHLX Semiconductor ETF by 226.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 24,012 shares of the company’s stock worth $2,692,000 after purchasing an additional 16,654 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.