Farther Finance Advisors LLC Boosts Stock Position in iShares Semiconductor ETF $SOXX

Farther Finance Advisors LLC boosted its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 26.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,972 shares of the exchange traded fund’s stock after buying an additional 2,942 shares during the period. Farther Finance Advisors LLC’s holdings in iShares Semiconductor ETF were worth $3,788,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Somerset Trust Co purchased a new position in shares of iShares Semiconductor ETF in the 3rd quarter worth about $813,000. Lionshead Wealth Management LLC grew its position in iShares Semiconductor ETF by 1.2% during the 3rd quarter. Lionshead Wealth Management LLC now owns 4,413 shares of the exchange traded fund’s stock valued at $1,196,000 after purchasing an additional 53 shares during the last quarter. Selective Wealth Management Inc. increased its stake in iShares Semiconductor ETF by 22.3% during the 3rd quarter. Selective Wealth Management Inc. now owns 2,810 shares of the exchange traded fund’s stock valued at $792,000 after purchasing an additional 512 shares in the last quarter. Focus Financial Network Inc. raised its holdings in iShares Semiconductor ETF by 3.7% in the third quarter. Focus Financial Network Inc. now owns 10,552 shares of the exchange traded fund’s stock worth $2,861,000 after buying an additional 374 shares during the last quarter. Finally, Secure Asset Management LLC purchased a new position in iShares Semiconductor ETF in the third quarter worth about $230,000.

iShares Semiconductor ETF Stock Up 0.2%

NASDAQ:SOXX opened at $305.67 on Thursday. The stock has a market cap of $16.34 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51. The company’s 50 day moving average price is $296.63 and its 200-day moving average price is $266.20. iShares Semiconductor ETF has a 52 week low of $148.31 and a 52 week high of $317.35.

iShares Semiconductor ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.4363 per share. This represents a $1.75 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, December 16th.

iShares Semiconductor ETF Company 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.