iShares Semiconductor ETF (NASDAQ:SOXX – Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 109,095 put options on the stock. This is an increase of approximately 90% compared to the typical volume of 57,303 put options.
Institutional Investors Weigh In On iShares Semiconductor ETF
Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of iShares Semiconductor ETF by 20.9% during the first 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 buying an additional 538,125 shares in the last quarter. Bank of Nova Scotia lifted its holdings in iShares Semiconductor ETF by 88.5% in the 1st quarter. Bank of Nova Scotia now owns 851,229 shares of the exchange traded fund’s stock worth $279,766,000 after buying an additional 399,612 shares in the last quarter. Royal Bank of Canada boosted its holdings in iShares Semiconductor ETF by 28.3% in the first quarter. Royal Bank of Canada now owns 433,384 shares of the exchange traded fund’s stock valued at $142,437,000 after purchasing an additional 95,669 shares during the last quarter. Noked Israel Ltd acquired a new stake in shares of iShares Semiconductor ETF during the first quarter worth approximately $114,725,000. Finally, Envestnet Asset Management Inc. increased its position in shares of iShares Semiconductor ETF by 5.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 163,012 shares of the exchange traded fund’s stock worth $104,451,000 after purchasing an additional 8,820 shares during the last quarter.
iShares Semiconductor ETF Trading Up 1.7%
SOXX traded up $8.54 during midday trading on Monday, hitting $501.93. 9,167,914 shares of the company traded hands, compared to its average volume of 8,295,188. The business has a 50 day simple moving average of $536.87 and a two-hundred day simple moving average of $523.75. The company has a market capitalization of $41.56 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a 52-week low of $260.44 and a 52-week high of $655.95.
iShares Semiconductor ETF’s stock is set to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.
iShares Semiconductor ETF Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were paid a dividend of $0.3250 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.30 annualized dividend and a yield of 0.3%. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827.
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.
Recommended Stories
- Five stocks we like better than iShares Semiconductor ETF
- Tesla’s Roadster Reveal Hints at 2 Much Bigger Moves
- The AI Sell-Off Continues—These 3 Stocks Keep Raising Guidance Anyway
- Mr. Wonderful’s Test for AI Data Center Stocks: Power, Permits, and Tenants
- Alcoa Beat Earnings, But Can It Escape the Aluminum Bears?
Receive News & Ratings for iShares Semiconductor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Semiconductor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
