Arax Advisory Partners Takes Position in iShares Semiconductor ETF $SOXX

Arax Advisory Partners bought a new stake in iShares Semiconductor ETF (NASDAQ:SOXX) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 4,683 shares of the exchange traded fund’s stock, valued at approximately $1,410,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Citizens Financial Group Inc. RI boosted its stake in shares of iShares Semiconductor ETF by 2.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 1,615 shares of the exchange traded fund’s stock valued at $486,000 after purchasing an additional 31 shares in the last quarter. Rinkey Investments boosted its stake in shares of iShares Semiconductor ETF by 2.3% in the 4th quarter. Rinkey Investments now owns 1,571 shares of the exchange traded fund’s stock valued at $473,000 after purchasing an additional 36 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in shares of iShares Semiconductor ETF by 1.1% in the 4th quarter. First Heartland Consultants Inc. now owns 3,295 shares of the exchange traded fund’s stock valued at $992,000 after purchasing an additional 37 shares in the last quarter. Madison Wealth Partners Inc boosted its stake in shares of iShares Semiconductor ETF by 1.7% in the 4th quarter. Madison Wealth Partners Inc now owns 2,206 shares of the exchange traded fund’s stock valued at $664,000 after purchasing an additional 37 shares in the last quarter. Finally, Secure Asset Management LLC boosted its stake in shares of iShares Semiconductor ETF by 4.6% in the 4th quarter. Secure Asset Management LLC now owns 871 shares of the exchange traded fund’s stock valued at $262,000 after purchasing an additional 38 shares in the last quarter.

iShares Semiconductor ETF Stock Up 5.4%

Shares of NASDAQ SOXX opened at $628.45 on Tuesday. The firm’s 50-day simple moving average is $491.10 and its 200 day simple moving average is $386.77. The company has a market cap of $40.72 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a 12-month low of $221.86 and a 12-month high of $629.72.

iShares Semiconductor ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, June 15th will be given a dividend of $0.2827 per share. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 15th. This represents a $1.13 annualized dividend and a yield of 0.2%.

iShares Semiconductor ETF Company 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.