1,520 iShares Semiconductor ETF $SOXX Shares Bought by Washburn Capital Management Inc.

Washburn Capital Management Inc. raised its position in iShares Semiconductor ETF (NASDAQ:SOXX) by 20.6% during the third quarter, Holdings Channel reports. The fund owned 8,895 shares of the exchange traded fund’s stock after acquiring an additional 1,520 shares during the period. iShares Semiconductor ETF comprises approximately 2.5% of Washburn Capital Management Inc.’s investment portfolio, making the stock its 6th biggest position. Washburn Capital Management Inc.’s holdings in iShares Semiconductor ETF were worth $5,058,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SOXX. Gimbal Financial bought a new stake in shares of iShares Semiconductor ETF during the 3rd quarter valued at about $9,100,000. New Wave Wealth Advisors LLC purchased a new stake in shares of iShares Semiconductor ETF during the 3rd quarter valued at about $503,000. Cornell Pochily Investment Advisors Inc. increased its position in shares of iShares Semiconductor ETF by 9.1% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 602 shares of the exchange traded fund’s stock valued at $343,000 after purchasing an additional 50 shares during the last quarter. Prairie Advisory LLC increased its position in shares of iShares Semiconductor ETF by 108.3% during the 3rd quarter. Prairie Advisory LLC now owns 3,054 shares of the exchange traded fund’s stock valued at $1,736,000 after purchasing an additional 1,588 shares during the last quarter. Finally, Independent Wealth Network Inc. lifted its stake in shares of iShares Semiconductor ETF by 8.5% in the 3rd quarter. Independent Wealth Network Inc. now owns 3,526 shares of the exchange traded fund’s stock worth $2,005,000 after purchasing an additional 276 shares during the period.

iShares Semiconductor ETF Price Performance

Shares of NASDAQ:SOXX traded up $9.62 during trading on Monday, hitting $503.01. The company’s stock had a trading volume of 6,020,060 shares, compared to its average volume of 8,278,313. The firm has a market cap of $41.65 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. The company has a 50-day moving average of $536.87 and a 200-day moving average of $523.75. iShares Semiconductor ETF has a 12 month low of $260.44 and a 12 month high of $655.95.

Shares of iShares Semiconductor ETF are set to split before the market opens on Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be distributed to shareholders after the market closes on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.3250 per share. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. This represents a $1.30 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 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.