New York Life Investment Management LLC Boosts Stake in iShares Semiconductor ETF $SOXX

New York Life Investment Management LLC lifted its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 115.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,557 shares of the exchange traded fund’s stock after buying an additional 15,809 shares during the quarter. New York Life Investment Management LLC’s holdings in iShares Semiconductor ETF were worth $8,901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SOXX. BOKF NA acquired a new position in iShares Semiconductor ETF during the fourth quarter worth $30,000. Strategic Advocates LLC acquired a new position in iShares Semiconductor ETF during the third quarter worth $35,000. Wellington Shields & Co. LLC acquired a new position in iShares Semiconductor ETF during the third quarter worth $41,000. Optima Capital LLC acquired a new position in iShares Semiconductor ETF during the fourth quarter worth $41,000. Finally, Garner Asset Management Corp acquired a new position in iShares Semiconductor ETF during the fourth quarter worth $45,000.

iShares Semiconductor ETF Stock Performance

Shares of SOXX stock opened at $508.52 on Friday. The stock has a fifty day moving average price of $396.04 and a 200 day moving average price of $346.87. The stock has a market cap of $32.95 billion, a PE ratio of 31.84 and a beta of 1.75. iShares Semiconductor ETF has a 1 year low of $199.93 and a 1 year high of $533.74.

iShares Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were issued a dividend of $0.2079 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.83 annualized dividend and a 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.