iShares Semiconductor ETF $SOXX Shares Purchased by Spinnaker Trust

Spinnaker Trust raised its position in iShares Semiconductor ETF (NASDAQ:SOXX) by 12.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 31,334 shares of the exchange traded fund’s stock after purchasing an additional 3,431 shares during the period. iShares Semiconductor ETF accounts for approximately 1.0% of Spinnaker Trust’s portfolio, making the stock its 23rd biggest holding. Spinnaker Trust’s holdings in iShares Semiconductor ETF were worth $20,078,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of iShares Semiconductor ETF by 245.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 69 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 49 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new stake in iShares Semiconductor ETF in the 2nd quarter valued at about $51,000. Elevation Wealth Partners LLC lifted its stake in iShares Semiconductor ETF by 203.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 85 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 57 shares in the last quarter. BOKF NA acquired a new position in shares of iShares Semiconductor ETF during the 4th quarter worth approximately $30,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in shares of iShares Semiconductor ETF in the fourth quarter valued at approximately $32,000.

iShares Semiconductor ETF Stock Down 3.2%

Shares of NASDAQ:SOXX opened at $508.62 on Friday. The business has a fifty day moving average of $548.62 and a two-hundred day moving average of $474.50. The stock has a market cap of $45.60 billion, a P/E ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a 52-week low of $238.15 and a 52-week high of $655.95.

Shares of iShares Semiconductor ETF are scheduled to split on Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be payable to shareholders after the closing bell on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $0.2827 per share. This represents a $1.13 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.21.

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.