Maxele Advisors LLC Makes New $7.05 Million Investment in iShares Semiconductor ETF $SOXX

Maxele Advisors LLC bought a new position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,998 shares of the exchange traded fund’s stock, valued at approximately $7,047,000. iShares Semiconductor ETF makes up about 4.9% of Maxele Advisors LLC’s investment portfolio, making the stock its 6th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC acquired a new position in iShares Semiconductor ETF during the second quarter worth approximately $614,000. Camarda Financial Advisors LLC purchased a new stake in iShares Semiconductor ETF in the second quarter valued at approximately $769,000. Coastal Bridge Advisors LLC acquired a new stake in shares of iShares Semiconductor ETF in the second quarter valued at approximately $238,000. Ausdal Financial Partners Inc. boosted its holdings in shares of iShares Semiconductor ETF by 257.2% in the second quarter. Ausdal Financial Partners Inc. now owns 4,626 shares of the exchange traded fund’s stock valued at $2,964,000 after acquiring an additional 3,331 shares during the period. Finally, Blodgett Wealth Advisors LLC purchased a new position in shares of iShares Semiconductor ETF during the second quarter worth approximately $288,000.

iShares Semiconductor ETF Price Performance

Shares of iShares Semiconductor ETF stock opened at $525.43 on Friday. The firm’s fifty day simple moving average is $551.24 and its 200-day simple moving average is $474.26. The stock has a market capitalization of $47.10 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a 12 month low of $238.15 and a 12 month high of $655.95.

iShares Semiconductor ETF shares are set to split on Thursday, November 5th. The 3-1 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a dividend of $0.2827 per share. This represents a $1.13 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.21.

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.