Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ – Get Free Report)’s stock price 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 capitalization of $2.78 billion, a price-to-earnings ratio of 34.20 and a beta of 1.79. The company’s 50-day moving average is $93.41 and its 200-day moving average is $84.61.
Invesco PHLX Semiconductor ETF Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.0845 per share. 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 an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.0773.
Institutional Trading of Invesco PHLX Semiconductor ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Continuum Advisory LLC acquired a new stake in Invesco PHLX Semiconductor ETF during the 2nd quarter worth $34,000. Triumph Capital Management acquired a new position in Invesco PHLX Semiconductor ETF during the third quarter valued at approximately $44,000. Roble Belko & Company Inc purchased a new position in Invesco PHLX Semiconductor ETF in the 2nd quarter valued at about $70,000. Global Assets Advisory LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF in the 1st quarter valued at about $39,000. Finally, GK Wealth Management LLC bought a new position in Invesco PHLX Semiconductor ETF in the 3rd quarter worth approximately $68,000.
About Invesco PHLX Semiconductor ETF
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.
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