Current trade tensions between China and the U.S. have rattled investors this week, but many analysts think there’s still a strong upside to be seen in the tech sector. iShares PHLX (NASDAQ: SOXX) is an ETF that focuses on the chip manufacturing sector, and it’s a strong option with broad exposure for growth-minded investors.
iShares PHLX This ETF tracks some of the strongest chip stocks in the market, including AMD, Intel, Qualcomm, Broadcom, and Nvidia. An increasing demand for devices, especially in the age of 5G wireless, should see many of these stocks increase their value in the coming years.
An ETF is traded like any other stock, providing an easy buy-in for investors who don’t want to micromanage their portfolios. This example provides a dividend of 1.06% at today’s price, and with a low net expense ratio of 0.47% it is ideal for anyone looking for simplicity at low cost.
A slight decline in recent weeks puts iShares PHLX ETF below its 52-week peak, creating an opportunity for new investors today.
- 52-Week Low/High: $144.79 / $218.00
- Expense Ratio: 47%
- Yield: 06%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.