Spinnaker Trust Boosts Stake in iShares Semiconductor ETF $SOXX

Spinnaker Trust grew its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 12.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,334 shares of the exchange traded fund’s stock after purchasing an additional 3,431 shares during the period. iShares Semiconductor ETF makes up 1.0% of Spinnaker Trust’s investment portfolio, making the stock its 23rd largest position. Spinnaker Trust’s holdings in iShares Semiconductor ETF were worth $20,078,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of iShares Semiconductor ETF by 245.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 69 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 49 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new stake in iShares Semiconductor ETF in the 2nd quarter valued at approximately $51,000. Elevation Wealth Partners LLC increased its holdings in iShares Semiconductor ETF by 203.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 85 shares of the exchange traded fund’s stock valued at $55,000 after purchasing an additional 57 shares during the last quarter. BOKF NA purchased a new stake in iShares Semiconductor ETF in the fourth quarter valued at approximately $30,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in iShares Semiconductor ETF during the fourth quarter worth $32,000.

iShares Semiconductor ETF Stock Down 3.2%

SOXX opened at $508.62 on Friday. iShares Semiconductor ETF has a 52 week low of $238.15 and a 52 week high of $655.95. The business has a fifty day simple moving average of $548.62 and a 200-day simple moving average of $474.50. The firm has a market cap of $45.60 billion, a P/E ratio of 31.84 and a beta of 1.80.

iShares Semiconductor ETF’s stock is going to split on Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be issued to shareholders after the market closes on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $0.2827 per share. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 15th. This represents a $1.13 dividend on an annualized basis and a yield of 0.2%.

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.