Legacy Edge Advisors LLC Invests $15.32 Million in iShares Semiconductor ETF $SOXX

Legacy Edge Advisors LLC acquired a new position in iShares Semiconductor ETF (NASDAQ:SOXX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,860 shares of the exchange traded fund’s stock, valued at approximately $15,317,000. iShares Semiconductor ETF makes up 1.7% of Legacy Edge Advisors LLC’s investment portfolio, making the stock its 18th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Benjamin Edwards Inc. increased its stake in shares of iShares Semiconductor ETF by 4.2% in the 4th quarter. Benjamin Edwards Inc. now owns 15,509 shares of the exchange traded fund’s stock worth $4,675,000 after purchasing an additional 622 shares in the last quarter. Madrid Wealth Management LLC purchased a new stake in shares of iShares Semiconductor ETF in the 4th quarter worth $493,000. Oppenheimer & Co. Inc. increased its stake in shares of iShares Semiconductor ETF by 3.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 71,067 shares of the exchange traded fund’s stock worth $21,402,000 after purchasing an additional 2,336 shares in the last quarter. Sigma Planning Corp increased its stake in iShares Semiconductor ETF by 3.2% in the 4th quarter. Sigma Planning Corp now owns 8,550 shares of the exchange traded fund’s stock worth $2,575,000 after buying an additional 268 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its stake in iShares Semiconductor ETF by 2.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 1,615 shares of the exchange traded fund’s stock worth $486,000 after buying an additional 31 shares in the last quarter.

iShares Semiconductor ETF Stock Performance

Shares of SOXX stock opened at $465.75 on Friday. iShares Semiconductor ETF has a 52-week low of $184.27 and a 52-week high of $466.91. The firm has a market capitalization of $30.18 billion, a PE ratio of 31.84 and a beta of 1.75. The stock has a fifty day simple moving average of $367.36 and a two-hundred day simple moving average of $332.75.

iShares Semiconductor ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a $0.2079 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, March 17th.

About iShares Semiconductor ETF

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.