Alkeon Capital Management LLC Makes New $58 Million Investment in iShares Semiconductor ETF $SOXX

Alkeon Capital Management LLC purchased a new position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 192,600 shares of the exchange traded fund’s stock, valued at approximately $58,001,000.

A number of other large investors also recently bought and sold shares of SOXX. Bison Wealth LLC purchased a new position in iShares Semiconductor ETF during the fourth quarter worth approximately $201,000. AQR Capital Management LLC raised its stake in iShares Semiconductor ETF by 83.9% during the first quarter. AQR Capital Management LLC now owns 2,238 shares of the exchange traded fund’s stock worth $421,000 after purchasing an additional 1,021 shares during the period. Schnieders Capital Management LLC. raised its stake in iShares Semiconductor ETF by 102.6% during the second quarter. Schnieders Capital Management LLC. now owns 3,495 shares of the exchange traded fund’s stock worth $834,000 after purchasing an additional 1,770 shares during the period. Amundi purchased a new position in iShares Semiconductor ETF during the second quarter worth approximately $831,000. Finally, Cerity Partners LLC raised its stake in iShares Semiconductor ETF by 9.0% during the second quarter. Cerity Partners LLC now owns 5,817 shares of the exchange traded fund’s stock worth $1,389,000 after purchasing an additional 482 shares during the period.

iShares Semiconductor ETF Stock Up 5.4%

NASDAQ:SOXX opened at $628.45 on Tuesday. The company has a market cap of $40.72 billion, a P/E ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a fifty-two week low of $221.86 and a fifty-two week high of $629.72. The firm’s 50 day moving average is $491.10 and its two-hundred day moving average is $386.77.

iShares Semiconductor ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.2827 per share. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. This represents a $1.13 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 15th.

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.