This article first appeared on GuruFocus.
In ETF activity last Friday, one fund was buying and none were selling. iShares PHLX SOX Semiconductor Sector Index Fund (SOXX) added $973.8 million of stock against no sales, lifting 29 positions and trimming none, with gross traded value of $973.8 million against $42.97 billion in assets.
What did SOXX buy on Friday?
Its largest buys by dollar value were AMD ($93.6 million), NVDA ($80.9 million) and MU ($80.6 million).
The largest buy was Advanced Micro Devices (AMD), where SOXX added 185,502 shares worth $93.6 million, bringing the position to 9.25% of assets. NVIDIA (NVDA) drew $80.9 million across 395,471 shares for a 7.99% weight, Micron Technology (MU) added 91,074 shares worth $80.6 million at 7.96%, Broadcom (AVGO) gained 235,769 shares for $76.9 million at 7.59%, and Intel (INTC) rose 975,455 shares for $64.1 million at 6.34%. None of the buys were new positions and the fund exited nothing.
How does SOXX invest?
SOXX is an Equity Sector Information Tech fund holding 30 stocks, with 61.1% of assets in its 10 largest holdings and all of its classified stock in Technology. Its market-cap mix is 100.0% large cap, with no mid- or small-cap exposure, and it charges 0.33%. Top holdings are Advanced Micro Devices at 9.25%, NVIDIA at 7.99%, Micron Technology at 7.96%, Broadcom at 7.59% and Intel at 6.34%. The fund has a GF Score of 88, a P/E of 44.13, a P/B of 11.62, a dividend yield of 0.29% and a year-to-date return of 50.9%.
iShares PHLX SOX Semiconductor Sector Index Fund (NASDAQ:SOXX) at a glance
Holdings, performance and fees for SOXX are on its fund summary page; the ETF Screener lines it up against its peers. Its biggest buy this time, AMD, has its own GF Value page and stock summary.
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