Wedbush Securities Inc. lifted its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX – Free Report) by 48.7% during the third quarter, HoldingsChannel reports. The firm owned 4,660 shares of the exchange traded fund’s stock after acquiring an additional 1,527 shares during the quarter. Wedbush Securities Inc.’s holdings in iShares Semiconductor ETF were worth $2,650,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. James Investment Research Inc. bought a new stake in iShares Semiconductor ETF in the 3rd quarter valued at $368,000. Royal Fund Management LLC acquired a new stake in shares of iShares Semiconductor ETF in the 3rd quarter valued at about $9,665,000. Sepio Capital LP raised its stake in shares of iShares Semiconductor ETF by 6.1% in the 3rd quarter. Sepio Capital LP now owns 625 shares of the exchange traded fund’s stock valued at $355,000 after purchasing an additional 36 shares during the period. Strategic Planning Group LLC bought a new stake in shares of iShares Semiconductor ETF in the third quarter valued at about $439,000. Finally, CMH Wealth Management LLC lifted its holdings in shares of iShares Semiconductor ETF by 2.7% in the third quarter. CMH Wealth Management LLC now owns 26,352 shares of the exchange traded fund’s stock valued at $14,985,000 after purchasing an additional 691 shares in the last quarter.
iShares Semiconductor ETF Stock Performance
Shares of iShares Semiconductor ETF stock opened at $478.20 on Friday. The business’s 50 day simple moving average is $531.97 and its 200 day simple moving average is $527.92. iShares Semiconductor ETF has a 52-week low of $260.44 and a 52-week high of $655.95. The firm has a market cap of $40.12 billion, a PE ratio of 31.84 and a beta of 1.80.
Shares of iShares Semiconductor ETF are scheduled to split before the market opens on Thursday, November 5th. The 3-1 split was recently announced. The newly issued shares will be issued to shareholders after the market closes on Wednesday, November 4th.
iShares Semiconductor ETF Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.3250 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827.
iShares Semiconductor ETF News Roundup
Here are the key news stories impacting iShares Semiconductor ETF this week:
- Positive Sentiment: The U.S. plans to award $389 million in research and development funding for power semiconductors and critical materials. The investment could support long-term industry growth and domestic semiconductor capacity. U.S. to award $389 million in R&D funds for power semiconductors, critical materials
- Neutral Sentiment: SOXX’s portfolio changes are drawing attention, with Advanced Micro Devices identified as its leading purchase on Wednesday. Greater exposure to individual chip leaders may help performance if large-cap semiconductor stocks recover, but it also preserves the ETF’s sensitivity to sector volatility. What iShares PHLX SOX Semiconductor (SOXX) Bought: AMD Leads on Wednesday
- Neutral Sentiment: The ETF’s announced 3-for-1 share split will increase the number of shares held and reduce the per-share price, but it does not change investors’ proportional ownership or the underlying value of the fund. SOXX Is Splitting 3-for-1 Again: What Changes for Your Shares and What Doesn’t
- Negative Sentiment: Chip stocks have tumbled after hopes for a sustained rebound in the AI trade faded. The selloff is weighing on SOXX and reflects concerns about elevated valuations and the durability of semiconductor demand. Chip Stocks Tumble, Crushing Investor Hopes for a Long-Term Rebound
- Negative Sentiment: SOXX is described as clinging to its 200-day average after a sharp drop, while semiconductor stocks approach a key technical support level. A break below that level could trigger additional technical selling. SOXX Is Clinging to Its 200-Day Average After a Steep Drop
iShares Semiconductor ETF Company Profile
iShares PHLX Semiconductor ETF, formerly iShares PHLX SOX Semiconductor Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States-listed semiconductor stocks as represented by the PHLX Semiconductor Sector Index (the Index). The Index is an equity benchmark for the United States-listed semiconductor stocks. The Index includes companies primarily involved in the design, distribution, manufacture and sale of semiconductors.
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Want to see what other hedge funds are holding SOXX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Semiconductor ETF (NASDAQ:SOXX – Free Report).
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