Schuylkill Financial LLC Takes Position in iShares Semiconductor ETF $SOXX

Schuylkill Financial LLC purchased a new position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,604 shares of the exchange traded fund’s stock, valued at approximately $1,028,000. iShares Semiconductor ETF accounts for 0.9% of Schuylkill Financial LLC’s investment portfolio, making the stock its 28th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bison Wealth LLC purchased a new stake in shares of iShares Semiconductor ETF in the 4th quarter valued at approximately $201,000. AQR Capital Management LLC boosted its position in shares of iShares Semiconductor ETF by 83.9% during the 1st quarter. AQR Capital Management LLC now owns 2,238 shares of the exchange traded fund’s stock worth $421,000 after purchasing an additional 1,021 shares during the period. Schnieders Capital Management LLC. increased its holdings in iShares Semiconductor ETF by 102.6% in the 2nd quarter. Schnieders Capital Management LLC. now owns 3,495 shares of the exchange traded fund’s stock valued at $834,000 after purchasing an additional 1,770 shares during the last quarter. Amundi acquired a new stake in iShares Semiconductor ETF in the 2nd quarter valued at approximately $831,000. Finally, Cerity Partners LLC raised its position in iShares Semiconductor ETF by 9.0% in the second quarter. Cerity Partners LLC now owns 5,817 shares of the exchange traded fund’s stock valued at $1,389,000 after purchasing an additional 482 shares during the period.

iShares Semiconductor ETF Stock Up 3.5%

NASDAQ:SOXX opened at $519.86 on Friday. The stock’s fifty day moving average is $537.81 and its two-hundred day moving average is $479.84. iShares Semiconductor ETF has a 52 week low of $244.13 and a 52 week high of $655.95. The stock has a market capitalization of $46.61 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80.

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

iShares Semiconductor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $0.2827 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.13 annualized dividend and a dividend yield of 0.2%. This is a boost 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.