iShares Semiconductor ETF $SOXX Stake Raised by Welch & Forbes LLC

Welch & Forbes LLC increased its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 1,572.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,988 shares of the exchange traded fund’s stock after buying an additional 22,554 shares during the quarter. Welch & Forbes LLC’s holdings in iShares Semiconductor ETF were worth $13,640,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SOXX. William Mack & Associates Inc. acquired a new position in iShares Semiconductor ETF in the 3rd quarter valued at approximately $27,000. Birchwood Financial Partners Inc. bought a new stake in shares of iShares Semiconductor ETF in the 3rd quarter worth approximately $28,000. Gould Capital LLC lifted its position in shares of iShares Semiconductor ETF by 39.2% in the 1st quarter. Gould Capital LLC now owns 110 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 31 shares during the period. Highland Investment Advisors LLC acquired a new stake in shares of iShares Semiconductor ETF during the 2nd quarter worth approximately $40,000. Finally, Triumph Capital Management grew its holdings in shares of iShares Semiconductor ETF by 44.4% during the 2nd quarter. Triumph Capital Management now owns 65 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter.

iShares Semiconductor ETF Trading Up 7.5%

SOXX opened at $146.76 on Tuesday. The stock has a market cap of $13.85 billion, a PE ratio of 24.66 and a beta of 1.86. iShares Semiconductor ETF has a 1 year low of $86.81 and a 1 year high of $218.65. The stock’s 50 day simple moving average is $173.19 and its 200-day simple moving average is $159.26.

iShares Semiconductor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a $0.1083 dividend. This represents a $0.43 annualized dividend and a yield of 0.3%. This is a decrease from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. The ex-dividend date of this dividend was Tuesday, September 15th.

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.