iShares Semiconductor ETF $SOXX Stock Sold by Grandview Asset Management LLC

Grandview Asset Management LLC reduced its position in iShares Semiconductor ETF (NASDAQ:SOXX) by 27.2% in the 3rd quarter, Holdings Channel reports. The fund owned 8,625 shares of the exchange traded fund’s stock after selling 3,223 shares during the period. iShares Semiconductor ETF makes up about 1.4% of Grandview Asset Management LLC’s investment portfolio, making the stock its 16th biggest position. Grandview Asset Management LLC’s holdings in iShares Semiconductor ETF were worth $4,905,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in shares of 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 purchasing an additional 538,125 shares during the period. Bank of Nova Scotia grew its position in shares of 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 purchasing an additional 399,612 shares during the period. Royal Bank of Canada increased 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 purchasing an additional 95,669 shares during the last quarter. Noked Israel Ltd purchased a new position in iShares Semiconductor ETF during the first quarter worth about $114,725,000. Finally, Envestnet Asset Management Inc. lifted its position in 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 worth $104,451,000 after buying an additional 8,820 shares during the period.

iShares Semiconductor ETF Trading Up 1.7%

Shares of NASDAQ:SOXX opened at $501.93 on Tuesday. The stock’s 50-day moving average price is $536.32 and its two-hundred day moving average price is $524.97. iShares Semiconductor ETF has a 12-month low of $260.44 and a 12-month high of $655.95. The firm has a market cap of $41.56 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80.

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

iShares Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a $0.3250 dividend. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. This represents a $1.30 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend 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.