Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Stock Price Down 2.8% – Should You Sell?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQGet Free Report)’s stock price dropped 2.8% during trading on Monday . The company traded as low as $94.41 and last traded at $94.44. 1,453,554 shares traded hands during trading, a decline of 21% from the average daily volume of 1,838,764 shares. The stock had previously closed at $97.20.

Invesco PHLX Semiconductor ETF Stock Down 2.8%

The firm has a 50-day moving average price of $99.92 and a 200 day moving average price of $81.76. The firm has a market capitalization of $2.68 billion, a PE ratio of 34.20 and a beta of 1.79.

Invesco PHLX Semiconductor ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.0773 per share. This represents a $0.31 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, June 22nd.

Institutional Trading of Invesco PHLX Semiconductor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers grew its stake in shares of Invesco PHLX Semiconductor ETF by 2.8% during the fourth quarter. Cetera Investment Advisers now owns 6,678 shares of the company’s stock worth $372,000 after purchasing an additional 182 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Invesco PHLX Semiconductor ETF by 0.8% during the 4th quarter. Global Retirement Partners LLC now owns 23,318 shares of the company’s stock worth $1,300,000 after buying an additional 189 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Invesco PHLX Semiconductor ETF by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 81,118 shares of the company’s stock valued at $4,066,000 after acquiring an additional 235 shares during the last quarter. Almanack Investment Partners LLC. increased its holdings in shares of Invesco PHLX Semiconductor ETF by 2.2% in the 4th quarter. Almanack Investment Partners LLC. now owns 15,437 shares of the company’s stock valued at $861,000 after acquiring an additional 333 shares during the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of Invesco PHLX Semiconductor ETF by 1.5% during the 4th quarter. Corient Private Wealth LLC now owns 26,706 shares of the company’s stock worth $1,489,000 after acquiring an additional 385 shares in the last quarter.

Invesco PHLX Semiconductor ETF Company Profile

(Get Free Report)

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.

Further Reading

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