Polymer Capital Management HK LTD Purchases 22,546 Shares of iShares Semiconductor ETF (NASDAQ:SOXX)

Polymer Capital Management HK LTD grew its position in iShares Semiconductor ETF (NASDAQ:SOXX) by 524.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,846 shares of the exchange traded fund’s stock after acquiring an additional 22,546 shares during the period. iShares Semiconductor ETF accounts for 1.0% of Polymer Capital Management HK LTD’s portfolio, making the stock its 24th largest holding. Polymer Capital Management HK LTD’s holdings in iShares Semiconductor ETF were worth $5,785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC boosted its stake in iShares Semiconductor ETF by 15.6% in the third quarter. FMR LLC now owns 11,914 shares of the exchange traded fund’s stock worth $2,747,000 after purchasing an additional 1,605 shares in the last quarter. Morse Asset Management Inc bought a new position in shares of iShares Semiconductor ETF in the third quarter valued at about $42,000. Kovitz Investment Group Partners LLC raised its holdings in shares of iShares Semiconductor ETF by 10.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 3,118 shares of the exchange traded fund’s stock valued at $719,000 after buying an additional 297 shares during the last quarter. Insigneo Advisory Services LLC lifted its position in iShares Semiconductor ETF by 19.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 3,277 shares of the exchange traded fund’s stock worth $756,000 after buying an additional 541 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in iShares Semiconductor ETF by 4.4% during the 3rd quarter. National Bank of Canada FI now owns 13,515 shares of the exchange traded fund’s stock worth $3,116,000 after acquiring an additional 572 shares during the last quarter.

iShares Semiconductor ETF Trading Down 7.5 %

Shares of NASDAQ SOXX opened at $157.63 on Friday. iShares Semiconductor ETF has a 1-year low of $154.61 and a 1-year high of $267.24. The company has a 50-day moving average of $207.14 and a two-hundred day moving average of $217.98. The company has a market cap of $9.07 billion, a PE ratio of 22.52 and a beta of 1.40.

iShares Semiconductor ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were issued a $0.2611 dividend. The ex-dividend date was Tuesday, March 18th.

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).