JPMorgan Chase & Co. Increases Holdings in iShares Semiconductor ETF $SOXX

JPMorgan Chase & Co. boosted its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 83.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 307,105 shares of the exchange traded fund’s stock after buying an additional 139,474 shares during the period. JPMorgan Chase & Co.’s holdings in iShares Semiconductor ETF were worth $83,263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC bought a new position in shares of iShares Semiconductor ETF during the 3rd quarter worth $25,000. Financial Consulate Inc. purchased a new stake in iShares Semiconductor ETF in the third quarter worth about $34,000. Johnson Financial Group Inc. bought a new position in iShares Semiconductor ETF during the 2nd quarter worth about $32,000. Wellington Shields & Co. LLC purchased a new position in iShares Semiconductor ETF during the 3rd quarter valued at about $41,000. Finally, Blue Trust Inc. raised its holdings in shares of iShares Semiconductor ETF by 39.6% in the 3rd quarter. Blue Trust Inc. now owns 155 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 44 shares in the last quarter.

iShares Semiconductor ETF Stock Performance

Shares of SOXX opened at $356.82 on Tuesday. The company has a 50 day moving average price of $332.43 and a 200-day moving average price of $296.66. iShares Semiconductor ETF has a fifty-two week low of $148.31 and a fifty-two week high of $365.38. The stock has a market capitalization of $21.62 billion, a PE ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Cuts Dividend

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

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.