Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Shares Down 2.8% – Here’s What Happened

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was down 2.8% during trading on Monday . The company traded as low as $94.41 and last traded at $94.44. Approximately 1,453,554 shares were traded during mid-day 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 Price Performance

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

Invesco PHLX Semiconductor ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Several institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC raised its holdings in Invesco PHLX Semiconductor ETF by 54.8% during the first quarter. Jane Street Group LLC now owns 38,491 shares of the company’s stock worth $1,295,000 after purchasing an additional 13,624 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Invesco PHLX Semiconductor ETF by 5.1% during the second quarter. Cetera Investment Advisers now owns 6,344 shares of the company’s stock valued at $277,000 after buying an additional 305 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco PHLX Semiconductor ETF by 112.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock worth $42,000 after purchasing an additional 505 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in Invesco PHLX Semiconductor ETF in the 2nd quarter valued at about $345,000. Finally, Ameriprise Financial Inc. grew its holdings in Invesco PHLX Semiconductor ETF by 215.6% in the second quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock valued at $10,698,000 after purchasing an additional 167,554 shares during the period.

Invesco PHLX Semiconductor ETF Company Profile

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.