iShares Semiconductor ETF $SOXX Shares Newly Acquired by Gimbal Financial

Gimbal Financial bought a new stake in iShares Semiconductor ETF (NASDAQ:SOXX) in the third quarter, Holdings Channel.com reports. The institutional investor bought 16,003 shares of the exchange traded fund’s stock, valued at approximately $9,100,000. iShares Semiconductor ETF makes up approximately 5.3% of Gimbal Financial’s portfolio, making the stock its 8th biggest position.

A number of other institutional investors have also added to or reduced their stakes in SOXX. Bank of America Corp DE boosted its holdings in iShares Semiconductor ETF by 20.9% in 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 acquiring an additional 538,125 shares in the last quarter. Bank of Nova Scotia grew its stake in iShares Semiconductor ETF by 88.5% in the first 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 period. Royal Bank of Canada grew its stake 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 acquiring an additional 95,669 shares during the period. Noked Israel Ltd bought a new stake in shares of iShares Semiconductor ETF during the first quarter valued at approximately $114,725,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of iShares Semiconductor ETF by 5.7% during the second quarter. Envestnet Asset Management Inc. now owns 163,012 shares of the exchange traded fund’s stock valued at $104,451,000 after acquiring an additional 8,820 shares in the last quarter.

iShares Semiconductor ETF Stock Performance

Shares of NASDAQ SOXX traded up $11.33 during midday trading on Monday, hitting $504.72. 5,800,821 shares of the stock traded hands, compared to its average volume of 8,277,463. iShares Semiconductor ETF has a one year low of $260.44 and a one year high of $655.95. The business has a 50 day moving average price of $536.87 and a two-hundred day moving average price of $523.75. The company has a market cap of $41.79 billion, a PE ratio of 31.84 and a beta of 1.80.

Shares of iShares Semiconductor ETF are 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 closing bell on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a $0.3250 dividend. This represents a $1.30 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 15th. 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.