Sovran Advisors LLC Boosts Stake in iShares Semiconductor ETF $SOXX

Sovran Advisors LLC lifted its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 54.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,748 shares of the exchange traded fund’s stock after purchasing an additional 1,671 shares during the period. Sovran Advisors LLC’s holdings in iShares Semiconductor ETF were worth $1,287,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in SOXX. Barnes Dennig Private Wealth Management LLC bought a new stake in iShares Semiconductor ETF in the third quarter worth about $25,000. Financial Consulate Inc. bought a new position in iShares Semiconductor ETF during the third quarter valued at $34,000. GFG Capital LLC bought a new position in iShares Semiconductor ETF during the second quarter valued at $32,000. Johnson Financial Group Inc. purchased a new stake in iShares Semiconductor ETF in the second quarter worth $32,000. Finally, Blue Trust Inc. lifted its holdings in iShares Semiconductor ETF by 39.6% during the third quarter. Blue Trust Inc. now owns 155 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 44 shares during the last quarter.

iShares Semiconductor ETF Stock Performance

NASDAQ:SOXX opened at $343.07 on Tuesday. The business’s fifty day moving average is $310.12 and its 200 day moving average is $281.37. The firm has a market cap of $20.29 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51. iShares Semiconductor ETF has a 52-week low of $148.31 and a 52-week high of $354.60.

iShares Semiconductor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a $0.4363 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, December 16th.

iShares Semiconductor ETF Profile

iShares PHLX Semiconductor ETF, formerly iShares PHLX SOX Semiconductor Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States-listed semiconductor stocks as represented by the PHLX Semiconductor Sector Index (the Index). The Index is an equity benchmark for the United States-listed semiconductor stocks. The Index includes companies primarily involved in the design, distribution, manufacture and sale of semiconductors.