Invesco PHLX Semiconductor ETF (SOXQ)
Invesco PHLX Semiconductor ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $97.56, up 2.49% on the session, giving a market capitalisation of $2.89B. Its beta of 2.19 implies it has historically moved more than the broad market.
The Invesco PHLX Semiconductor ETF endeavors to replicate the performance of the PHLX Semiconductor Sector Index. This Fund typically allocates at least 90% of its total capital to the equities that constitute this underlying benchmark. The Index itself is designed to gauge the performance of the thirty largest U.S.-listed enterprises operating in the semiconductor sector. These essential components, including items like memory chips, microprocessors, and integrated circuits, as well as associated equipment, power a broad spectrum of electronic devices, from everyday household products and vehicles to computers. The Index's constituents span companies involved in the design, production, distribution, and sale of semiconductors. Both the ETF and its benchmark undergo an annual re-evaluation and adjustment each September, alongside quarterly rebalancing activities conducted in March, June, September, and December.
Invesco PHLX Semiconductor ETF is most often compared with the following Financial Services names: