Prime Capital Investment Advisors LLC increased its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX – Free Report) by 15.4% during the third quarter, Holdings Channel reports. The institutional investor owned 8,424 shares of the exchange traded fund’s stock after acquiring an additional 1,126 shares during the period. Prime Capital Investment Advisors LLC’s holdings in iShares Semiconductor ETF were worth $4,790,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SOXX. Washington Growth Strategies LLC lifted its position in shares of iShares Semiconductor ETF by 0.7% during the 3rd quarter. Washington Growth Strategies LLC now owns 9,614 shares of the exchange traded fund’s stock valued at $5,467,000 after acquiring an additional 66 shares during the period. Secure Asset Management LLC grew its holdings in shares of iShares Semiconductor ETF by 13.5% in the 3rd quarter. Secure Asset Management LLC now owns 805 shares of the exchange traded fund’s stock worth $458,000 after acquiring an additional 96 shares during the period. Blue Zone Wealth Advisors LLC acquired a new stake in shares of iShares Semiconductor ETF in the 3rd quarter worth approximately $10,490,000. Washburn Capital Management Inc. grew its holdings in shares of iShares Semiconductor ETF by 20.6% in the 3rd quarter. Washburn Capital Management Inc. now owns 8,895 shares of the exchange traded fund’s stock worth $5,058,000 after acquiring an additional 1,520 shares during the period. Finally, Gimbal Financial purchased a new position in iShares Semiconductor ETF in the 3rd quarter valued at approximately $9,100,000.
iShares Semiconductor ETF Price Performance
NASDAQ SOXX opened at $500.01 on Wednesday. The business has a 50 day moving average price of $535.63 and a 200 day moving average price of $526.10. The company has a market capitalization of $41.40 billion, a P/E ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a 1-year low of $260.44 and a 1-year high of $655.95.
Shares of iShares Semiconductor ETF are set to split on Thursday, November 5th. The 3-1 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Wednesday, November 4th.
iShares Semiconductor ETF Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a $0.3250 dividend. This represents a $1.30 annualized dividend and a yield of 0.3%. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. The ex-dividend date of this dividend was Tuesday, September 15th.
Trending Headlines about iShares Semiconductor ETF
Here are the key news stories impacting iShares Semiconductor ETF this week:
- Positive Sentiment: Semiconductor stocks recently participated in a broader technology rebound, providing a near-term boost to SOXX and signaling that buyers remain willing to return to the sector after its sharp pullback. Tech Stocks Rebound as Semiconductors Rally
- Positive Sentiment: Strong expected third-quarter earnings from Samsung, driven by demand for AI-related memory chips, offer a constructive read-through for semiconductor suppliers and SOXX holdings. Samsung Appears to Be a Good Bet Ahead of Q3
- Positive Sentiment: Retail investors remain notably bullish ahead of major technology earnings, supporting the possibility of dip-buying if chip companies deliver strong results. SOXX, SOXL Retreat to Red Premarket, but Retail Is Extremely Bullish
- Neutral Sentiment: SOXX is scheduled for a three-for-one share split. The split changes the number of shares and per-share price but does not alter investors’ proportional ownership or the ETF’s underlying value. iShares Semiconductor ETF Stock Set to Split
- Neutral Sentiment: Comparisons with the broader XLK technology ETF highlight SOXX’s stronger historical returns but substantially larger drawdowns, underscoring its higher-risk, concentrated semiconductor exposure. XLK vs. SOXX
- Negative Sentiment: Goldman Sachs data showed hedge funds cutting technology and chip positions at the fastest pace in more than a decade, adding institutional selling pressure to SOXX. Hedge Funds Dumped Tech Stocks at the Fastest Pace in a Decade
- Negative Sentiment: Investors are increasingly concerned that data-center spending and AI infrastructure demand may slow, weighing on the valuation of the ETF’s 30 leading chip and component suppliers. Should You Buy SOXX After Its 25% Plunge?
- Negative Sentiment: Put-option activity surged about 90% above average, suggesting increased demand for downside protection or bearish speculation. In addition, SOXX sold approximately $143.7 million of AMD, which may have contributed to pressure on a major holding.
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.
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