ETF Trends
ETF Trends

Exchange traded funds (ETFs) that invest in semiconductor stocks managed to hold about even for the session Wednesday despite the shellacking in bellwether Broadcom (NasdaqGM: BRCM).

Investors were not satisfied with Broadcom’s second-quarter revenue outlook and sent the shares lower by more than 11% in afternoon trading.

Still, ETFs tracking the semiconductor sector were around the flat line at last check. They include Semiconductor HOLDRS (AMEX: SMH), PowerShares Dynamic Semiconductors Portfolio (NYSEArca: PSI), SPDR S&P Semiconductor ETF (NYSEArca: XSD) and iShares PHLX SOX Semiconductor Sector Index Fund (NasdaqGM: SOXX).

The iShares PHLX SOX Semiconductor was up 9.5% year to date through April 26.

The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.