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

Maxele Advisors LLC acquired a new stake in iShares Semiconductor ETF (NASDAQ:SOXX) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,998 shares of the exchange traded fund’s stock, valued at approximately $7,047,000. iShares Semiconductor ETF comprises about 4.9% of Maxele Advisors LLC’s investment portfolio, making the stock its 6th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in shares of 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 purchasing an additional 941,363 shares in the last quarter. Oasis Management Co Ltd. raised its stake 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 buying an additional 804,400 shares in the last quarter. Morgan Stanley lifted its holdings in iShares Semiconductor ETF by 30.0% during the 4th quarter. Morgan Stanley now owns 2,368,608 shares of the exchange traded fund’s stock worth $713,307,000 after buying an additional 547,109 shares during the last quarter. Bank of America Corp DE boosted its position in shares of iShares Semiconductor ETF by 20.9% during 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 acquiring an additional 538,125 shares in the last quarter. Finally, Bank of Nova Scotia boosted its position 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 acquiring an additional 443,030 shares in the last quarter.

iShares Semiconductor ETF Stock Performance

SOXX opened at $525.43 on Friday. iShares Semiconductor ETF has a one year low of $238.15 and a one year high of $655.95. The company has a market cap of $47.10 billion, a P/E ratio of 31.84 and a beta of 1.80. The business’s 50-day simple moving average is $551.24 and its 200-day simple moving average is $474.26.

Shares of iShares Semiconductor ETF are scheduled to split before the market opens on Thursday, November 5th. The 3-1 split was recently announced. The newly created shares will be distributed 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 Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a dividend of $0.2827 per share. 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. This represents a $1.13 dividend on an annualized basis and a yield of 0.2%.

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.