Cathie Wood, head of Ark Investment Management, is known for actively trading her holdings, sometimes selling shares during sharp market pullbacks. Semiconductor stocks saw a major market pullback on May 15, with the iShares Semiconductor ETF (SOXX) falling about 4%. In the midst of that selloff, Wood sold millions of dollars worth of stock in…
The software had a chance to take over, but the chips took it back. The iShares Expanded Software and Technology Sector ETF (IGV) is no longer breaking down. After falling more than 5% on Thursday (its worst day since the post-“Liberation Day” sell-off on April 4), it recovered to end the week slightly positive. Software…
Both iShares Semiconductor ETF (NASDAQ:SOXX) and State Street Technology Select Sector SPDR ETF (NYSEMKT:XLK) They aim to give investors access to the US technology sector, but they differ in scope and risk. SOXX focuses on semiconductor companies, making them more concentrated, while XLK casts a broader net on software, hardware and IT services. This comparison…
XLK is significantly cheaper to own and much larger than SOXX, but its recent returns have lagged the semiconductor-focused fund. SOXX is more volatile and suffered its deepest decline in five years, reflecting its narrow tilt toward the chip sector. XLK offers broader technology exposure, with mega-cap holdings like Nvidia, Apple and Microsoft dominating its…
