Thursday, August 18, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home ETFs

iShares Semiconductor ETF is Still a Strong ETF Despite Recent Dip

MtR by MtR
November 27, 2021
in ETFs
0

Related articles

Hedge Funds Suffer Outflows as ETFs had Inflows

August 10, 2022

Australia’s 6 biggest ETF providers

August 10, 2022


There is an ongoing shortage of chips in the world, and that has affected the performances of numerous semiconductor manufacturers. This has also affected the performance of funds tracking these stocks.

SOXX Underperformed in Recent Days

The iShares Semiconductor ETF (SOXX) has been around since 2001 and is a smart beta exchange-traded fund. The fund provides investors with a broad exposure to the technology ETFs category of the US equity market.

SOXX is managed by BlackRock and has more than $9 billion in assets under management, making it one of the biggest funds in the Technology sector. Before fees and expenses, SOXX is designed to match the performance of the PHLX SOX Semiconductor Sector Index.

The PHLX SOX Semiconductor Sector Index, on the other hand, measures the performance of the US stocks involved in the semiconductor business. SOXX invests 100% of its allocation in the information technology sector. When you look at its portfolio, its biggest holding is Nvidia Corp (NVDA), which accounts for nearly 9% of the portfolio. The other two leading holdings include Broadcom Inc. (AVGO) and Intel Corporation Corp (INTC).

SOXX has underperformed in recent days, thanks to the poor performance of the broader market. During Friday’s trading session, the ETF lost more than 2% of its value and is currently trading above $518 per share.

SOXX Could Rally Higher Soon

Despite the recent decline, SOXX remains a strong semiconductor-focused ETF. Year-to-date, SOXX is up by more than 37%, outperforming numerous funds in this sector. The fund has traded between $352.32 and $537.71 in this past 52-week period.

SOXX ETF chart. Source: FXEMPIRE

SOXX’s MACD is above the neutral zone, indicating that the fund is very bullish at the moment. The fund is trading way above its 50-day moving average of $478, showing that it has strong support around the $500 level. The RSI of 63 shows that SOXX is heading into the overbought territory.

SOXX is a cheap fund because it has an annual operating expense of 0.43%. The ETF has a 12-month trailing dividend yield of 0.59%. Despite that, its beta of 1.16 and standard deviation of 35.02% for the trailing three-year period makes the fund a high-risk choice in the semiconductor space.



Source link

Related Posts

Hedge Funds Suffer Outflows as ETFs had Inflows

by MtR
August 10, 2022
0

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, reported that the...

Australia’s 6 biggest ETF providers

by MtR
August 10, 2022
0

Exchange Traded Funds or ETFs are now a BIG thing in Australia. The rise of ASX ETFs is making investing...

New Treasury ETFs launch as fixed income ETFs enter “sweet spot”

by MtR
August 9, 2022
0

The U.S. Treasury building is seen in Washington, September 29, 2008. REUTERS/Jim BourgRegister now for FREE unlimited access to Reuters.comRegisterNEW...

SoFi Launches First-of-its-Kind Web 3 ETF and a Smart Energy ETF to Empower People to Invest in the Future | News

by MtR
August 9, 2022
0

SAN FRANCISCO--(BUSINESS WIRE)--Aug 9, 2022--SoFi Technologies, Inc. (“SoFi”), the digital personal finance company, today announced that SoFi Invest1 is launching...

J.P. Morgan Asset Management Launches JPMorgan Active Growth ETF (JGRO)

by MtR
August 9, 2022
0

Unifies two industry-leading growth strategies into one actively managed ETF NEW YORK, Aug. 9, 2022 /PRNewswire/ -- J.P. Morgan Asset Management...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter