Fifth Third Bancorp Invests $3.58 Million in iShares Semiconductor ETF $SOXX

Fifth Third Bancorp acquired a new position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,900 shares of the exchange traded fund’s stock, valued at approximately $3,582,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Bison Wealth LLC bought a new stake in shares of iShares Semiconductor ETF in the 4th quarter valued at approximately $201,000. AQR Capital Management LLC raised its position in iShares Semiconductor ETF by 83.9% during the first quarter. AQR Capital Management LLC now owns 2,238 shares of the exchange traded fund’s stock valued at $421,000 after acquiring an additional 1,021 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in iShares Semiconductor ETF by 102.6% in the second quarter. Schnieders Capital Management LLC. now owns 3,495 shares of the exchange traded fund’s stock valued at $834,000 after acquiring an additional 1,770 shares during the last quarter. Amundi bought a new stake in iShares Semiconductor ETF in the second quarter worth approximately $831,000. Finally, Cerity Partners LLC grew its position in iShares Semiconductor ETF by 9.0% in the second quarter. Cerity Partners LLC now owns 5,817 shares of the exchange traded fund’s stock worth $1,389,000 after acquiring an additional 482 shares in the last quarter.

iShares Semiconductor ETF Price Performance

Shares of SOXX opened at $521.81 on Monday. The firm has a market cap of $42.24 billion, a price-to-earnings ratio of 31.84 and a beta of 1.77. The company’s fifty day moving average is $570.18 and its 200-day moving average is $435.06. iShares Semiconductor ETF has a 12 month low of $232.33 and a 12 month high of $655.95.

iShares Semiconductor ETF Increases Dividend

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