Howard Capital Management Group LLC Makes New Investment in iShares Semiconductor ETF $SOXX

Howard Capital Management Group LLC bought a new position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 51,054 shares of the exchange traded fund’s stock, valued at approximately $29,031,000. iShares Semiconductor ETF makes up about 1.8% of Howard Capital Management Group LLC’s investment portfolio, making the stock its 21st largest position. Howard Capital Management Group LLC owned approximately 0.06% of iShares Semiconductor ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of iShares Semiconductor ETF by 20.9% in 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 purchasing an additional 538,125 shares during the period. Bank of Nova Scotia boosted 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 buying an additional 399,612 shares in 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 worth $142,437,000 after buying an additional 95,669 shares during the period. Noked Israel Ltd acquired a new position in iShares Semiconductor ETF during the first quarter worth about $114,725,000. Finally, Envestnet Asset Management Inc. grew its position in iShares Semiconductor ETF by 5.7% during the second quarter. Envestnet Asset Management Inc. now owns 163,012 shares of the exchange traded fund’s stock worth $104,451,000 after buying an additional 8,820 shares during the period.

More iShares Semiconductor ETF News

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 Price Performance

iShares Semiconductor ETF stock traded down $21.32 during mid-day trading on Friday, reaching $493.39. The company had a trading volume of 14,624,566 shares, compared to its average volume of 8,290,725. iShares Semiconductor ETF has a 1 year low of $260.44 and a 1 year high of $655.95. The company has a market capitalization of $40.51 billion, a P/E ratio of 31.84 and a beta of 1.80. The stock’s 50-day simple moving average is $536.87 and its 200-day simple moving average is $522.25.

iShares Semiconductor ETF shares are set to split before the market opens on Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be payable 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. Investors of record on Tuesday, September 15th were issued a $0.3250 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827.

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.