iShares Semiconductor ETF $SOXX Stock: Wagner Wealth Management Corp Raises Stake

Wagner Wealth Management Corp lifted its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 391.3% during the third quarter, HoldingsChannel.com reports. The fund owned 3,390 shares of the exchange traded fund’s stock after buying an additional 2,700 shares during the quarter. iShares Semiconductor ETF makes up approximately 1.5% of Wagner Wealth Management Corp’s investment portfolio, making the stock its 24th biggest holding. Wagner Wealth Management Corp’s holdings in iShares Semiconductor ETF were worth $1,928,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of iShares Semiconductor ETF by 20.9% during the first quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock valued at $1,023,867,000 after acquiring an additional 538,125 shares in the last quarter. Bank of Nova Scotia grew its stake in 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 purchasing an additional 399,612 shares in the last quarter. Royal Bank of Canada grew its stake in iShares Semiconductor ETF by 28.3% in the first quarter. Royal Bank of Canada now owns 433,384 shares of the exchange traded fund’s stock worth $142,437,000 after purchasing an additional 95,669 shares in the last quarter. Noked Israel Ltd bought a new position in iShares Semiconductor ETF in the first quarter worth approximately $114,725,000. Finally, Cetera Investment Advisers increased its holdings in iShares Semiconductor ETF by 7.1% during the 1st quarter. Cetera Investment Advisers now owns 181,101 shares of the exchange traded fund’s stock worth $59,521,000 after purchasing an additional 11,947 shares during the period.

iShares Semiconductor ETF Stock Down 0.4%

SOXX opened at $500.01 on Wednesday. The stock’s fifty day moving average is $535.63 and its two-hundred day moving average is $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 52 week low of $260.44 and a 52 week 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 created shares will be issued to shareholders after the market closes on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders 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 dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827.

Key Stories Impacting 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.

iShares Semiconductor ETF 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.