Ascentis Independent Advisors Boosts Stock Position in iShares Semiconductor ETF $SOXX

Ascentis Independent Advisors lifted its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 130.7% in the first quarter, HoldingsChannel reports. The fund owned 2,888 shares of the exchange traded fund’s stock after acquiring an additional 1,636 shares during the period. Ascentis Independent Advisors’ holdings in iShares Semiconductor ETF were worth $949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GM Advisory Group LLC lifted its stake in shares of iShares Semiconductor ETF by 0.3% during the 1st quarter. GM Advisory Group LLC now owns 145,424 shares of the exchange traded fund’s stock valued at $47,795,000 after buying an additional 410 shares in the last quarter. Pennsylvania Capital Management Inc. ADV raised its holdings in iShares Semiconductor ETF by 3.6% during the first quarter. Pennsylvania Capital Management Inc. ADV now owns 8,021 shares of the exchange traded fund’s stock valued at $2,636,000 after acquiring an additional 280 shares during the period. Bravias Capital Group LLC raised its holdings in iShares Semiconductor ETF by 11.6% during the first quarter. Bravias Capital Group LLC now owns 2,123 shares of the exchange traded fund’s stock valued at $698,000 after acquiring an additional 221 shares during the period. Koshinski Asset Management Inc. lifted its position in shares of iShares Semiconductor ETF by 1.9% in the first quarter. Koshinski Asset Management Inc. now owns 10,046 shares of the exchange traded fund’s stock valued at $3,302,000 after acquiring an additional 183 shares in the last quarter. Finally, Beacon Financial Advisory LLC lifted its position in shares of iShares Semiconductor ETF by 2.7% in the first quarter. Beacon Financial Advisory LLC now owns 2,889 shares of the exchange traded fund’s stock valued at $949,000 after acquiring an additional 77 shares in the last quarter.

iShares Semiconductor ETF Stock Down 5.1%

NASDAQ SOXX opened at $551.69 on Wednesday. iShares Semiconductor ETF has a twelve month low of $232.33 and a twelve month high of $655.95. The business has a 50-day moving average price of $557.25 and a 200-day moving average price of $420.76. The firm has a market cap of $39.89 billion, a price-to-earnings ratio of 31.84 and a beta of 1.77.

iShares Semiconductor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $0.2827 dividend. This represents a $1.13 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.21.

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.