Mirae Asset Global Investments Co. Ltd. Makes New Investment in iShares Semiconductor ETF $SOXX

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) during the 3rd quarter, Holdings Channel reports. The fund acquired 381,329 shares of the exchange traded fund’s stock, valued at approximately $216,839,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SOXX. Bank of America Corp DE increased its position in shares of iShares Semiconductor ETF by 20.9% during the first quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock valued at $1,023,867,000 after acquiring an additional 538,125 shares in the last quarter. Bank of Nova Scotia lifted its position in iShares Semiconductor ETF by 88.5% in the 1st 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 in the last quarter. Noked Israel Ltd purchased a new stake in iShares Semiconductor ETF during the 1st quarter valued at $114,725,000. Y.D. More Investments Ltd increased its holdings in shares of iShares Semiconductor ETF by 4,175.2% in the 1st quarter. Y.D. More Investments Ltd now owns 158,996 shares of the exchange traded fund’s stock worth $52,240,000 after purchasing an additional 155,277 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of iShares Semiconductor ETF by 28.3% in the 1st quarter. Royal Bank of Canada now owns 433,384 shares of the exchange traded fund’s stock worth $142,437,000 after purchasing an additional 95,669 shares in the last quarter.

iShares Semiconductor ETF Stock Performance

Shares of NASDAQ:SOXX opened at $471.51 on Friday. iShares Semiconductor ETF has a fifty-two week low of $260.44 and a fifty-two week high of $655.95. The business has a 50-day simple moving average of $529.13 and a two-hundred day simple moving average of $474.88. The firm has a market cap of $44.84 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80.

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