IPG Investment Advisors LLC Buys 1,723 Shares of iShares Semiconductor ETF $SOXX

IPG Investment Advisors LLC raised its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 121.2% during the 3rd quarter, Holdings Channel reports. The fund owned 3,145 shares of the exchange traded fund’s stock after purchasing an additional 1,723 shares during the period. IPG Investment Advisors LLC’s holdings in iShares Semiconductor ETF were worth $1,788,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SOXX. Bank of America Corp DE raised its position in shares of iShares Semiconductor ETF by 20.9% in 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 acquiring an additional 538,125 shares in the last quarter. Bank of Nova Scotia lifted its stake in shares of 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 worth $279,766,000 after purchasing an additional 399,612 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of iShares Semiconductor ETF during the 3rd quarter worth $216,839,000. Royal Bank of Canada boosted its position in iShares Semiconductor ETF by 28.3% during the first quarter. Royal Bank of Canada now owns 433,384 shares of the exchange traded fund’s stock valued at $142,437,000 after purchasing an additional 95,669 shares in the last quarter. Finally, Noked Israel Ltd bought a new stake in iShares Semiconductor ETF during the first quarter valued at about $114,725,000.

iShares Semiconductor ETF Price Performance

SOXX opened at $465.00 on Wednesday. The business’s 50-day moving average is $526.98 and its two-hundred day moving average is $476.15. iShares Semiconductor ETF has a 1 year low of $260.44 and a 1 year high of $655.95. The firm has a market capitalization of $43.06 billion, a PE ratio of 31.84 and a beta of 1.86.

Shares of iShares Semiconductor ETF are going to split on the morning of 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 declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.3250 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. This represents a $1.30 annualized dividend and a dividend yield of 0.3%.

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.