Summa Corp. Makes New Investment in iShares Semiconductor ETF $SOXX

Summa Corp. bought a new position in iShares Semiconductor ETF (NASDAQ:SOXX) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,250 shares of the exchange traded fund’s stock, valued at approximately $298,000.

Several other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in iShares Semiconductor ETF by 220.2% in the first quarter. BNP Paribas Financial Markets now owns 968,262 shares of the exchange traded fund’s stock worth $182,198,000 after purchasing an additional 665,867 shares during the period. LPL Financial LLC raised its holdings in iShares Semiconductor ETF by 7.3% in the first quarter. LPL Financial LLC now owns 843,995 shares of the exchange traded fund’s stock worth $158,815,000 after purchasing an additional 57,350 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in iShares Semiconductor ETF by 4,151.3% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 380,062 shares of the exchange traded fund’s stock worth $71,516,000 after purchasing an additional 371,122 shares during the period. Raymond James Financial Inc. raised its holdings in iShares Semiconductor ETF by 7.0% in the first quarter. Raymond James Financial Inc. now owns 345,761 shares of the exchange traded fund’s stock worth $65,062,000 after purchasing an additional 22,675 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of iShares Semiconductor ETF by 1.8% during the first quarter. Ameriprise Financial Inc. now owns 284,042 shares of the exchange traded fund’s stock worth $53,444,000 after acquiring an additional 5,107 shares in the last quarter.

iShares Semiconductor ETF Stock Down 6.3%

Shares of SOXX stock opened at $271.99 on Friday. The firm has a fifty day moving average of $257.32 and a 200-day moving average of $226.48. iShares Semiconductor ETF has a 12-month low of $148.31 and a 12-month high of $292.51. The company has a market capitalization of $14.86 billion, a price-to-earnings ratio of 31.84 and a beta of 1.34.

iShares Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a dividend of $0.5407 per share. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.48. This represents a $2.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, September 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).