Late last week we saw a prominent Semiconductor Equity sector ETF name experience notable outflows of $210 million, or about 15% of the assets outstanding in the ETF.

The iShares PHLX SOX Semiconductor Sector (NasdaqGM: SOXX) traded above average volume last week even in light pre-Labor Day holiday trading, as the ETF found support right around its 200 day moving average.

Year to date, SOXX has trailed the broad market, with the ETF rising 8.99% versus the S&P 500 Index increasing 12.53% during the same time period.

Top holdings curretly in SOXX are INTC (8.91%), TSM (8.55%), BRCM (8.07%), TXN (7.91%) and AMAT (7.61%).

This sector ETF is often in play in the midst of Semiconductor/Technology sector earnings season, as hedgers and speculators alike often like to make plays on the likes of INTC and TXN for example headed into earnings pre-releases or scheduled conference calls and management discussions.