iShares Semiconductor ETF Stock to Split on Thursday, November 5th (NASDAQ:SOXX)

Shares of iShares Semiconductor ETF (NASDAQ:SOXX) are scheduled to split on Thursday, November 5th. The 3-1 split was recently announced. The newly created shares will be payable to shareholders after the market closes on Wednesday, November 4th.

iShares Semiconductor ETF Trading Up 0.5%

Shares of SOXX opened at $478.20 on Friday. The firm has a market cap of $40.12 billion, a PE ratio of 31.84 and a beta of 1.80. The firm has a fifty day simple moving average of $531.97 and a two-hundred day simple moving average of $527.92. iShares Semiconductor ETF has a 1-year low of $260.44 and a 1-year high of $655.95.

iShares Semiconductor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a dividend of $0.3250 per share. This represents a $1.30 dividend on an annualized basis and a yield of 0.3%. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. The ex-dividend date was Tuesday, September 15th.

Key iShares Semiconductor ETF News

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

Institutional Investors Weigh In On iShares Semiconductor ETF

A number of large investors have recently made changes to their positions in SOXX. Bank of America Corp DE lifted its stake in shares of iShares Semiconductor ETF by 20.9% in the 1st quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock worth $1,023,867,000 after purchasing an additional 538,125 shares during the period. Bank of Nova Scotia boosted its holdings in shares of iShares Semiconductor ETF by 88.5% in the first quarter. Bank of Nova Scotia now owns 851,229 shares of the exchange traded fund’s stock worth $279,766,000 after buying an additional 399,612 shares during the last quarter. Royal Bank of Canada grew its position in iShares Semiconductor ETF by 28.3% during the first quarter. Royal Bank of Canada now owns 433,384 shares of the exchange traded fund’s stock valued at $142,437,000 after buying an additional 95,669 shares during the period. Noked Israel Ltd bought a new stake in iShares Semiconductor ETF during the first quarter valued at approximately $114,725,000. Finally, Cetera Investment Advisers grew its position in iShares Semiconductor ETF by 7.1% during the first quarter. Cetera Investment Advisers now owns 181,101 shares of the exchange traded fund’s stock valued at $59,521,000 after buying an additional 11,947 shares during the period.

About iShares Semiconductor ETF

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.