229.54
price down icon0.49%   -1.13
after-market  After Hours:  228.7846  -0.7554   -0.33%
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Why is iShares Semiconductor ETF (SOXX) Stock down?

07 Mar, 2024:

iShares Semiconductor ETF Stock (SOXX) experienced a significant decline of 65.52%, which was primarily due to a stock split of 3-for-1. Stock splits can lead to a temporary decrease in the stock price, but they do not affect the overall value of the investment.

  • SOXX ETF Strategy: SOXX, managed by BlackRock's iShares, aims to provide exposure to U.S. semiconductor companies. It invests in an index composed of the 30 largest U.S. semiconductor stocks. SOXX, launched in 2001, has $12.8 billion in assets under management (AUM).
  • Investor Considerations: Investors evaluating these ETFs should consider factors such as the types of semiconductor stocks they hold, the weightings of these stocks, historical returns, fees, and more. While both ETFs are promising, one may be more suitable based on individual investment goals and preferences.
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