iShares Semiconductor ETF $SOXX Shares Purchased by IFP Advisors Inc

IFP Advisors Inc boosted its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 21.7% in the third quarter, Holdings Channel.com reports. The fund owned 26,706 shares of the exchange traded fund’s stock after acquiring an additional 4,770 shares during the quarter. IFP Advisors Inc’s holdings in iShares Semiconductor ETF were worth $15,186,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Bank of America Corp DE grew its position in shares of iShares Semiconductor ETF by 20.9% during 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 buying an additional 538,125 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of iShares Semiconductor ETF by 88.5% during the first quarter. Bank of Nova Scotia now owns 851,229 shares of the exchange traded fund’s stock valued at $279,766,000 after buying an additional 399,612 shares during the period. Noked Israel Ltd purchased a new position in shares of iShares Semiconductor ETF during the first quarter valued at $114,725,000. Y.D. More Investments Ltd increased its stake in shares of iShares Semiconductor ETF by 4,175.2% during the first quarter. Y.D. More Investments Ltd now owns 158,996 shares of the exchange traded fund’s stock valued at $52,240,000 after buying an additional 155,277 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in shares of iShares Semiconductor ETF by 485.9% in the fourth quarter. Corient Private Wealth LLC now owns 127,123 shares of the exchange traded fund’s stock valued at $38,278,000 after acquiring an additional 105,426 shares in the last quarter.

iShares Semiconductor ETF Price Performance

SOXX stock opened at $493.39 on Friday. The business has a 50-day moving average price of $536.87 and a 200 day moving average price of $522.25. The company has a market capitalization of $40.51 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.

iShares Semiconductor ETF’s stock is scheduled to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.3250 per share. This represents a $1.30 annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, September 15th. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827.

Key Headlines Impacting iShares Semiconductor ETF

Here are the key news stories impacting iShares Semiconductor ETF this week:

• Positive Sentiment: Some analysts view the semiconductor pullback as a potential buying opportunity, citing continued AI demand, strong long-term revenue forecasts and relatively attractive valuations in parts of the sector. Buy the Dip in Semiconductor Stocks & ETFs?
• Positive Sentiment: A market outlook calling for a year-end recovery could support SOXX if rate concerns ease and investors return to growth and AI stocks. Why This Market Washout Will Spark a Year-End Rally
• Neutral Sentiment: The ETF is scheduled to add Advanced Micro Devices (AMD) and Intel (INTC), changing its portfolio exposure and potentially increasing sensitivity to those companies’ earnings and outlooks. iShares PHLX SOX Semiconductor Adds AMD and INTC
• Negative Sentiment: SOXX’s nine-session losing streak reflects an unusually broad semiconductor selloff, with weakness extending across U.S. and Asian chip markets and optical-component stocks. Chip Stocks Endure Longest Losing Streak Since 2006
• Negative Sentiment: Investors are increasingly worried that higher interest rates and inflation will pressure high-growth technology valuations, while the cost and financing of the AI buildout may not justify current expectations. US Chip Stocks Set to Wipe Out $2 Trillion
• Negative Sentiment: Credit concerns surrounding CoreWeave have added to fears about the financial sustainability of AI infrastructure spending, intensifying selling across chip and AI beneficiaries. Global AI and Semiconductor Stocks Lose Over $1 Trillion

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.