iShares Semiconductor ETF $SOXX Position Cut by Grandview Asset Management LLC

Grandview Asset Management LLC lowered its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 27.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,625 shares of the exchange traded fund’s stock after selling 3,223 shares during the period. iShares Semiconductor ETF comprises 1.4% of Grandview Asset Management LLC’s portfolio, making the stock its 16th largest holding. Grandview Asset Management LLC’s holdings in iShares Semiconductor ETF were worth $4,905,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of iShares Semiconductor ETF by 20.9% during the 1st quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock worth $1,023,867,000 after purchasing an additional 538,125 shares during the last quarter. Bank of Nova Scotia grew its holdings in iShares Semiconductor ETF by 88.5% during the 1st quarter. Bank of Nova Scotia now owns 851,229 shares of the exchange traded fund’s stock valued at $279,766,000 after buying an additional 399,612 shares during the last quarter. Royal Bank of Canada grew its holdings in iShares Semiconductor ETF by 28.3% during the 1st quarter. Royal Bank of Canada now owns 433,384 shares of the exchange traded fund’s stock valued at $142,437,000 after buying an additional 95,669 shares during the last quarter. Noked Israel Ltd acquired a new stake in iShares Semiconductor ETF during the 1st quarter valued at $114,725,000. Finally, Envestnet Asset Management Inc. increased its position in iShares Semiconductor ETF by 5.7% during the second quarter. Envestnet Asset Management Inc. now owns 163,012 shares of the exchange traded fund’s stock worth $104,451,000 after buying an additional 8,820 shares in the last quarter.

iShares Semiconductor ETF Stock Performance

iShares Semiconductor ETF stock opened at $501.93 on Tuesday. iShares Semiconductor ETF has a fifty-two week low of $260.44 and a fifty-two week high of $655.95. The company has a market capitalization of $41.56 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. The stock has a fifty day moving average of $536.32 and a two-hundred day moving average of $524.97.

iShares Semiconductor ETF’s stock is set to split on Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be payable to shareholders after the market closes on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a dividend of $0.3250 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.30 dividend on an annualized basis and a yield of 0.3%. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827.

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.