Rakuten Investment Management Inc. Purchases New Position in iShares Semiconductor ETF $SOXX

Rakuten Investment Management Inc. acquired a new position in iShares Semiconductor ETF (NASDAQ:SOXX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,484 shares of the exchange traded fund’s stock, valued at approximately $7,660,000. Rakuten Investment Management Inc. owned 0.05% of iShares Semiconductor ETF at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC bought a new position in shares of iShares Semiconductor ETF in the third quarter worth $25,000. GFG Capital LLC bought a new position in iShares Semiconductor ETF in the 2nd quarter worth about $32,000. Johnson Financial Group Inc. bought a new position in iShares Semiconductor ETF in the 2nd quarter worth about $32,000. Financial Consulate Inc. purchased a new position in iShares Semiconductor ETF during the 3rd quarter valued at about $34,000. Finally, Crews Bank & Trust increased its position in shares of iShares Semiconductor ETF by 1,666.7% during the second quarter. Crews Bank & Trust now owns 159 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 150 shares during the period.

iShares Semiconductor ETF Trading Up 3.2%

Shares of iShares Semiconductor ETF stock opened at $348.14 on Thursday. The company’s 50-day moving average price is $306.62 and its 200-day moving average price is $278.95. iShares Semiconductor ETF has a 12-month low of $148.31 and a 12-month high of $351.33. The company has a market cap of $20.84 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a $0.4363 dividend. This represents a $1.75 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, December 16th.

iShares Semiconductor ETF Profile

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.