iShares Semiconductor ETF $SOXX is Tudor Financial Inc.’s 7th Largest Position

Tudor Financial Inc. trimmed its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 83.9% in the second quarter, Holdings Channel.com reports. The firm owned 8,650 shares of the exchange traded fund’s stock after selling 44,922 shares during the period. iShares Semiconductor ETF comprises approximately 2.5% of Tudor Financial Inc.’s investment portfolio, making the stock its 7th largest position. Tudor Financial Inc.’s holdings in iShares Semiconductor ETF were worth $5,543,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NWF Advisory Services Inc. acquired a new stake in shares of iShares Semiconductor ETF during the second quarter valued at about $1,065,000. Syon Capital LLC acquired a new position in shares of iShares Semiconductor ETF in the second quarter worth about $337,000. TD Waterhouse Canada Inc. lifted its stake in shares of iShares Semiconductor ETF by 1.7% in the second quarter. TD Waterhouse Canada Inc. now owns 65,681 shares of the exchange traded fund’s stock worth $39,349,000 after acquiring an additional 1,070 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in iShares Semiconductor ETF by 32.4% in the second quarter. Concurrent Investment Advisors LLC now owns 19,927 shares of the exchange traded fund’s stock valued at $12,768,000 after purchasing an additional 4,873 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC purchased a new position in iShares Semiconductor ETF in the second quarter valued at about $17,524,000.

iShares Semiconductor ETF Stock Up 0.2%

Shares of NASDAQ SOXX opened at $502.20 on Friday. iShares Semiconductor ETF has a fifty-two week low of $238.75 and a fifty-two week high of $655.95. The business has a 50 day moving average price of $539.22 and a two-hundred day moving average price of $479.56. The firm has a market cap of $45.02 billion, a PE ratio of 31.84 and a beta of 1.80.

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 business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $0.2827 per share. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. This represents a $1.13 dividend on an annualized basis and a dividend yield of 0.2%.

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.