NewEdge Advisors LLC Increases Position in iShares Semiconductor ETF $SOXX

NewEdge Advisors LLC boosted its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,030 shares of the exchange traded fund’s stock after purchasing an additional 972 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares Semiconductor ETF were worth $7,569,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SOXX. IAG Wealth Partners LLC raised its stake in shares of iShares Semiconductor ETF by 5.7% during the 1st quarter. IAG Wealth Partners LLC now owns 462 shares of the exchange traded fund’s stock worth $152,000 after buying an additional 25 shares during the period. Laurel Oak Wealth Management LLC increased its holdings in iShares Semiconductor ETF by 0.3% in the 1st quarter. Laurel Oak Wealth Management LLC now owns 10,226 shares of the exchange traded fund’s stock worth $3,361,000 after acquiring an additional 26 shares in the last quarter. Lodestar Private Asset Management LLC raised its position in iShares Semiconductor ETF by 1.3% during the first quarter. Lodestar Private Asset Management LLC now owns 2,006 shares of the exchange traded fund’s stock worth $659,000 after acquiring an additional 26 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in iShares Semiconductor ETF by 2.0% during the fourth quarter. Citizens Financial Group Inc. RI now owns 1,615 shares of the exchange traded fund’s stock valued at $486,000 after purchasing an additional 31 shares in the last quarter. Finally, Gould Capital LLC lifted its holdings in iShares Semiconductor ETF by 39.2% during the first quarter. Gould Capital LLC now owns 110 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 31 shares in the last quarter.

iShares Semiconductor ETF Stock Down 2.6%

Shares of NASDAQ SOXX opened at $529.39 on Tuesday. The company’s 50-day simple moving average is $566.27 and its 200-day simple moving average is $457.47. iShares Semiconductor ETF has a 52-week low of $237.10 and a 52-week high of $655.95. The firm has a market cap of $47.46 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80.

iShares Semiconductor ETF Increases Dividend

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

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.