Xtrackers Semiconductor Select Equity ETF (NASDAQ:CHPS) Trading Down 0.4% – Time to Sell?

Shares of Xtrackers Semiconductor Select Equity ETF (NASDAQ:CHPS) dropped 0.4% during trading on Wednesday . The company traded as low as $55.00 and last traded at $55.05. Approximately 14,264 shares traded hands during trading, a decline of 36% from the average daily volume of 22,155 shares. The stock had previously closed at $55.26.

Xtrackers Semiconductor Select Equity ETF Price Performance

The firm’s 50 day moving average price is $55.86 and its 200-day moving average price is $47.89. The firm has a market cap of $26.25 million, a price-to-earnings ratio of 27.07 and a beta of 1.75.

Xtrackers Semiconductor Select Equity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 20th will be issued a $0.0543 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Xtrackers Semiconductor Select Equity ETF stock. Cornerstone Planning Group LLC lifted its position in Xtrackers Semiconductor Select Equity ETF (NASDAQ:CHPS) by 9,687.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,801 shares of the company’s stock after purchasing an additional 13,660 shares during the quarter. Cornerstone Planning Group LLC owned 4.93% of Xtrackers Semiconductor Select Equity ETF worth $550,000 at the end of the most recent reporting period.

About Xtrackers Semiconductor Select Equity ETF

The Xtrackers Semiconductor Select Equity ETF (CHPS) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market cap-weighted index of the companies involved semiconductor industry globally. The index screens securities based on various ESG criteria provided by Sustainalytics. CHPS was launched on Jul 13, 2023 and is issued by Xtrackers.