Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Stock Crosses Below 200 Day Moving Average – Here’s Why

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Invesco PHLX Semiconductor ETF Stock Performance

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

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 paid a $0.068 dividend. This is a boost 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%. The ex-dividend date of this dividend was Monday, September 23rd.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its holdings in Invesco PHLX Semiconductor ETF by 14.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock valued at $88,000 after buying an additional 275 shares during the period. Beacon Capital Management LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF during the 2nd quarter worth approximately $55,000. Future Financial Wealth Managment LLC bought a new position in Invesco PHLX Semiconductor ETF in the third quarter valued at approximately $58,000. Truist Financial Corp raised its position in Invesco PHLX Semiconductor ETF by 20.1% during the second quarter. Truist Financial Corp now owns 12,087 shares of the company’s stock valued at $521,000 after purchasing an additional 2,019 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in Invesco PHLX Semiconductor ETF during the third quarter worth $221,000.

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.