iShares Semiconductor ETF $SOXX is Foundations Investment Advisors LLC’s 10th Largest Position

Foundations Investment Advisors LLC lifted its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 22.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 406,107 shares of the exchange traded fund’s stock after acquiring an additional 75,257 shares during the quarter. iShares Semiconductor ETF comprises 1.6% of Foundations Investment Advisors LLC’s portfolio, making the stock its 10th largest holding. Foundations Investment Advisors LLC’s holdings in iShares Semiconductor ETF were worth $122,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in SOXX. BOKF NA purchased a new stake in shares of iShares Semiconductor ETF in the fourth quarter worth approximately $30,000. Strategic Advocates LLC purchased a new stake in shares of iShares Semiconductor ETF in the third quarter worth approximately $35,000. Wellington Shields & Co. LLC purchased a new stake in shares of iShares Semiconductor ETF in the third quarter worth approximately $41,000. Optima Capital LLC purchased a new stake in shares of iShares Semiconductor ETF in the fourth quarter worth approximately $41,000. Finally, Garner Asset Management Corp purchased a new stake in shares of iShares Semiconductor ETF in the fourth quarter worth approximately $45,000.

iShares Semiconductor ETF Price Performance

NASDAQ SOXX opened at $563.98 on Thursday. The company has a 50 day simple moving average of $427.42 and a 200-day simple moving average of $359.94. The firm has a market capitalization of $36.55 billion, a price-to-earnings ratio of 31.84 and a beta of 1.75. iShares Semiconductor ETF has a 52-week low of $201.12 and a 52-week high of $584.50.

iShares Semiconductor ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a $0.2079 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, March 17th.

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.