Alkeon Capital Management LLC Takes Position in iShares Semiconductor ETF $SOXX

Alkeon Capital Management LLC purchased a new stake in iShares Semiconductor ETF (NASDAQ:SOXX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 192,600 shares of the exchange traded fund’s stock, valued at approximately $58,001,000. Alkeon Capital Management LLC owned about 0.32% of iShares Semiconductor ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SOXX. Bison Wealth LLC purchased a new position in shares of iShares Semiconductor ETF during the fourth quarter valued at approximately $201,000. AQR Capital Management LLC lifted its stake in shares of 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 buying an additional 1,021 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of iShares Semiconductor ETF by 102.6% during the second quarter. Schnieders Capital Management LLC. now owns 3,495 shares of the exchange traded fund’s stock valued at $834,000 after buying an additional 1,770 shares during the period. Amundi purchased a new position in shares of iShares Semiconductor ETF during the second quarter valued at approximately $831,000. Finally, Cerity Partners LLC lifted its stake in shares of iShares Semiconductor ETF by 9.0% during the second quarter. Cerity Partners LLC now owns 5,817 shares of the exchange traded fund’s stock valued at $1,389,000 after buying an additional 482 shares during the period.

iShares Semiconductor ETF Stock Performance

Shares of SOXX opened at $628.45 on Tuesday. The company has a market capitalization of $40.72 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. The company’s 50 day simple moving average is $491.10 and its 200 day simple moving average is $386.77. iShares Semiconductor ETF has a 1 year low of $221.86 and a 1 year high of $629.72.

iShares Semiconductor ETF Increases Dividend

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

About iShares Semiconductor ETF

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.