Polaris Financial Partners Acquires 12,886 Shares of iShares Semiconductor ETF $SOXX

by · The Markets Daily

Polaris Financial Partners bought a new position in shares of iShares Semiconductor ETF (NASDAQ:SOXX – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,886 shares of the exchange traded fund’s stock, valued at approximately $7,307,000. iShares Semiconductor ETF makes up 3.4% of Polaris Financial Partners’ holdings, making the stock its 7th biggest position.

A number of other institutional investors have also added to or reduced their stakes in SOXX. Highland Investment Advisors LLC purchased a new stake in shares of iShares Semiconductor ETF in the 2nd quarter valued at about $40,000. Triumph Capital Management grew its holdings in shares of iShares Semiconductor ETF by 44.4% during the second quarter. Triumph Capital Management now owns 65 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of iShares Semiconductor ETF by 245.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 69 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 49 shares in the last quarter. Atomic Invest LLC grew its holdings in shares of iShares Semiconductor ETF by 108.1% during the second quarter. Atomic Invest LLC now owns 77 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 40 shares in the last quarter. Finally, Cedar Mountain Advisors LLC bought a new position in shares of iShares Semiconductor ETF in the second quarter worth approximately $51,000.

iShares Semiconductor ETF Stock Performance

SOXX traded up $12.57 on Friday, reaching $588.90. The company had a trading volume of 6,690,752 shares, compared to its average volume of 8,268,668. The business has a 50 day simple moving average of $528.37 and a 200 day simple moving average of $506.74. The company has a market cap of $50.73 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a 52-week low of $260.44 and a 52-week high of $655.95.

iShares Semiconductor ETF shares are scheduled to split before the market opens on Thursday, November 5th. The 3-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.3250 per share. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. The ex-dividend date was Tuesday, September 15th. This represents a $1.30 annualized dividend and a dividend yield of 0.2%.

iShares Semiconductor ETF Profile

(Free Report)

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.

Further Reading

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