Bank of Nova Scotia Grows Stock Position in iShares Semiconductor ETF $SOXX

Bank of Nova Scotia boosted its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 88.5% during the first quarter, HoldingsChannel reports. The fund owned 851,229 shares of the exchange traded fund’s stock after buying an additional 399,612 shares during the period. Bank of Nova Scotia’s holdings in iShares Semiconductor ETF were worth $279,766,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SOXX. Bison Wealth LLC purchased a new position in iShares Semiconductor ETF during the fourth quarter worth about $201,000. AQR Capital Management LLC raised its stake in shares of iShares Semiconductor ETF by 83.9% in the 1st 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 during the period. Schnieders Capital Management LLC. raised its stake in shares of iShares Semiconductor ETF by 102.6% in the 2nd 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 period. Amundi purchased a new stake in shares of iShares Semiconductor ETF in the 2nd quarter valued at approximately $831,000. Finally, Cerity Partners LLC lifted its holdings in shares of iShares Semiconductor ETF by 9.0% in the 2nd 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 during the last quarter.

iShares Semiconductor ETF Stock Performance

NASDAQ:SOXX opened at $551.24 on Friday. iShares Semiconductor ETF has a fifty-two week low of $232.33 and a fifty-two week high of $655.95. The company has a 50 day moving average price of $571.69 and a 200 day moving average price of $441.84. The stock has a market capitalization of $48.40 billion, a P/E ratio of 31.84 and a beta of 1.77.

iShares Semiconductor ETF Increases Dividend

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

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.