Forte Asset Management LLC Acquires 2,875 Shares of iShares Semiconductor ETF (NASDAQ:SOXX)

Forte Asset Management LLC lifted its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 29.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 12,771 shares of the exchange traded fund’s stock after acquiring an additional 2,875 shares during the period. iShares Semiconductor ETF accounts for about 1.2% of Forte Asset Management LLC’s portfolio, making the stock its 29th biggest position. Forte Asset Management LLC’s holdings in iShares Semiconductor ETF were worth $2,403,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. LPL Financial LLC boosted its stake in iShares Semiconductor ETF by 2.8% in the fourth quarter. LPL Financial LLC now owns 786,645 shares of the exchange traded fund’s stock valued at $169,514,000 after acquiring an additional 21,341 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of iShares Semiconductor ETF by 9.7% in the 4th quarter. Royal Bank of Canada now owns 445,806 shares of the exchange traded fund’s stock valued at $96,068,000 after purchasing an additional 39,604 shares during the period. D. E. Shaw & Co. Inc. bought a new position in shares of iShares Semiconductor ETF in the 4th quarter worth $95,496,000. Raymond James Financial Inc. bought a new position in shares of iShares Semiconductor ETF in the 4th quarter worth $69,622,000. Finally, Donaldson Capital Management LLC grew its stake in shares of iShares Semiconductor ETF by 2.2% during the first quarter. Donaldson Capital Management LLC now owns 319,441 shares of the exchange traded fund’s stock worth $60,109,000 after purchasing an additional 6,992 shares during the period.

iShares Semiconductor ETF Trading Up 0.4%

NASDAQ:SOXX opened at $243.20 on Friday. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of 31.84 and a beta of 1.34. The business’s 50-day moving average price is $214.39 and its two-hundred day moving average price is $208.38. iShares Semiconductor ETF has a 1-year low of $148.31 and a 1-year high of $267.24.

iShares Semiconductor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 16th were issued a $0.4833 dividend. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.31. This represents a $1.93 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Monday, June 16th.

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).