Rakuten Investment Management Inc. cut its holdings in iShares Semiconductor ETF (NASDAQ:SOXX – Free Report) by 60.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,320 shares of the exchange traded fund’s stock after selling 18,977 shares during the quarter. Rakuten Investment Management Inc.’s holdings in iShares Semiconductor ETF were worth $6,991,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of SOXX. Bank of America Corp DE grew its holdings in 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 during the period. Bank of Nova Scotia raised its position in shares of iShares Semiconductor ETF by 88.5% during the 1st quarter. Bank of Nova Scotia now owns 851,229 shares of the exchange traded fund’s stock valued at $279,766,000 after acquiring an additional 399,612 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares Semiconductor ETF in the 3rd quarter valued at $216,839,000. Noked Israel Ltd acquired a new position in shares of iShares Semiconductor ETF in the 1st quarter valued at $114,725,000. Finally, Y.D. More Investments Ltd lifted its stake in shares of iShares Semiconductor ETF by 4,175.2% in the 1st quarter. Y.D. More Investments Ltd now owns 158,996 shares of the exchange traded fund’s stock valued at $52,240,000 after purchasing an additional 155,277 shares during the period.
iShares Semiconductor ETF Stock Down 12.8%
NASDAQ:SOXX opened at $130.87 on Friday. iShares Semiconductor ETF has a 12-month low of $86.81 and a 12-month high of $218.65. The firm has a market capitalization of $12.12 billion, a P/E ratio of 31.84 and a beta of 1.86. The stock’s fifty day simple moving average is $174.42 and its 200-day simple moving average is $158.99.
iShares Semiconductor ETF Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were issued a $0.1083 dividend. This is a drop from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. This represents a $0.43 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, September 15th.
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.
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