OVERSEA CHINESE BANKING Corp Ltd Lowers Position in iShares Semiconductor ETF $SOXX

OVERSEA CHINESE BANKING Corp Ltd lowered its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 23.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,353 shares of the exchange traded fund’s stock after selling 3,230 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in iShares Semiconductor ETF were worth $2,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SOXX. BNP Paribas Financial Markets raised its holdings in shares of iShares Semiconductor ETF by 220.2% in the 1st quarter. BNP Paribas Financial Markets now owns 968,262 shares of the exchange traded fund’s stock valued at $182,198,000 after acquiring an additional 665,867 shares in the last quarter. LPL Financial LLC raised its holdings in shares of iShares Semiconductor ETF by 7.3% in the 1st quarter. LPL Financial LLC now owns 843,995 shares of the exchange traded fund’s stock valued at $158,815,000 after acquiring an additional 57,350 shares in the last quarter. Avondale Wealth Management raised its holdings in shares of iShares Semiconductor ETF by 528.7% in the 2nd quarter. Avondale Wealth Management now owns 44,796 shares of the exchange traded fund’s stock valued at $10,693,000 after acquiring an additional 37,671 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of iShares Semiconductor ETF by 27.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 165,116 shares of the exchange traded fund’s stock valued at $39,413,000 after acquiring an additional 35,655 shares in the last quarter. Finally, Clark Capital Management Group Inc. purchased a new position in shares of iShares Semiconductor ETF during the 1st quarter valued at about $6,149,000.

iShares Semiconductor ETF Price Performance

NASDAQ:SOXX opened at $304.08 on Tuesday. The business has a 50 day moving average of $267.12 and a 200 day moving average of $235.40. The company has a market capitalization of $16.07 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51. iShares Semiconductor ETF has a 1-year low of $148.31 and a 1-year high of $305.01.

iShares Semiconductor ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were given a $0.5407 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, September 16th. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.48.

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).