Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $40.71 and traded as low as $38.35. Invesco PHLX Semiconductor ETF shares last traded at $38.56, with a volume of 315,768 shares trading hands.

Invesco PHLX Semiconductor ETF Price Performance

The stock has a market cap of $489.96 million, a P/E ratio of 29.37 and a beta of 1.56. The stock has a 50-day simple moving average of $40.12 and a 200-day simple moving average of $40.69.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.068 per share. The ex-dividend date was Monday, September 23rd. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a dividend yield of 0.69%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SOXQ. Beacon Capital Management LLC bought a new position in Invesco PHLX Semiconductor ETF in the 2nd quarter valued at approximately $55,000. Future Financial Wealth Managment LLC acquired a new position in Invesco PHLX Semiconductor ETF in the 3rd quarter valued at approximately $58,000. Farther Finance Advisors LLC raised its stake in shares of Invesco PHLX Semiconductor ETF by 14.6% during the third quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock valued at $88,000 after acquiring an additional 275 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF during the third quarter worth $221,000. Finally, PFG Investments LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF in the second quarter worth $477,000.

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.