NewEdge Advisors LLC Grows Stock Position in iShares Semiconductor ETF $SOXX

NewEdge Advisors LLC grew its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,030 shares of the exchange traded fund’s stock after buying an additional 972 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares Semiconductor ETF were worth $7,569,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its holdings in iShares Semiconductor ETF by 47.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,904,638 shares of the exchange traded fund’s stock worth $874,732,000 after acquiring an additional 941,363 shares during the period. Oasis Management Co Ltd. lifted its holdings in iShares Semiconductor ETF by 100.4% in the fourth quarter. Oasis Management Co Ltd. now owns 3,100 shares of the exchange traded fund’s stock valued at $934,000 after acquiring an additional 804,400 shares during the period. Morgan Stanley boosted its position in iShares Semiconductor ETF by 30.0% in the 4th quarter. Morgan Stanley now owns 2,368,608 shares of the exchange traded fund’s stock worth $713,307,000 after purchasing an additional 547,109 shares in the last quarter. Bank of America Corp DE boosted its position in iShares Semiconductor ETF by 20.9% in the 1st quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock worth $1,023,867,000 after purchasing an additional 538,125 shares in the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of iShares Semiconductor ETF by 5,159.3% during the 4th quarter. Bank of Nova Scotia now owns 451,617 shares of the exchange traded fund’s stock worth $136,005,000 after purchasing an additional 443,030 shares during the period.

iShares Semiconductor ETF Price Performance

NASDAQ:SOXX opened at $529.39 on Tuesday. The firm has a market cap of $47.46 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. The company has a 50 day moving average price of $566.27 and a 200-day moving average price of $457.47. iShares Semiconductor ETF has a 1-year low of $237.10 and a 1-year high of $655.95.

iShares Semiconductor ETF Increases Dividend

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

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.