iShares Semiconductor ETF $SOXX Stock Bought by Carnegie Investment Counsel

Carnegie Investment Counsel grew its position in iShares Semiconductor ETF (NASDAQ:SOXX) by 43.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,085 shares of the exchange traded fund’s stock after acquiring an additional 1,241 shares during the period. Carnegie Investment Counsel’s holdings in iShares Semiconductor ETF were worth $2,323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE increased its position 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 valued at $1,023,867,000 after buying an additional 538,125 shares in the last quarter. Bank of Nova Scotia lifted its holdings in 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 worth $279,766,000 after acquiring an additional 399,612 shares in the last quarter. Noked Israel Ltd bought a new position in iShares Semiconductor ETF during the first quarter worth about $114,725,000. Y.D. More Investments Ltd lifted its holdings in 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 worth $52,240,000 after acquiring an additional 155,277 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings 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 worth $142,437,000 after acquiring an additional 95,669 shares in the last quarter.

iShares Semiconductor ETF Trading Up 2.2%

NASDAQ:SOXX opened at $510.80 on Thursday. iShares Semiconductor ETF has a 1 year low of $260.44 and a 1 year high of $655.95. The stock has a market cap of $42.29 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. The stock has a 50-day moving average price of $534.92 and a two-hundred day moving average price of $527.31.

iShares Semiconductor ETF shares are going to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The firm 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 is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. 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.

Key Stories Impacting iShares Semiconductor ETF

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

• Positive Sentiment: SOXX added Advanced Micro Devices (AMD) and Intel (INTC) on October 19. The changes give investors exposure to two major chipmakers and may improve sentiment toward the ETF’s portfolio. iShares PHLX SOX Semiconductor Adds AMD and INTC on Oct. 19
• Positive Sentiment: Retail investors remain notably bullish on semiconductor and leveraged-chip ETFs ahead of technology earnings, creating potential short-term buying support if companies deliver strong forecasts. SOXX and SOXL Retreat Premarket, but Retail Is Bullish
• Positive Sentiment: After falling roughly 25% from its June peak, SOXX is being considered a potential dip-buying opportunity. A recovery in AI-related chip demand could benefit the fund’s concentrated portfolio of semiconductor suppliers. SOXX Down 25% From June Peak
• Neutral Sentiment: SOXX is scheduled for a three-for-one split on November 5, with shares distributed after the November 4 market close. The split does not change the fund’s underlying value but could make individual shares more accessible and potentially increase trading activity. SOXX Stock Set to Split
• Negative Sentiment: Semiconductor stocks have pulled back as investors question whether elevated interest rates and a potential slowdown in data-center spending can support current AI-related valuations. Chip Stocks Have Pulled Back
• Negative Sentiment: Goldman Sachs data reportedly showed hedge funds reducing chip-stock exposure at the fastest pace in more than a decade, signaling continued institutional caution. High-volume SOXX put-option purchases also point to hedging or bearish speculation. Hedge Funds Dumped Tech Stocks

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.