Sowell Financial Services LLC Purchases 6,689 Shares of iShares Semiconductor ETF $SOXX

Sowell Financial Services LLC raised its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 43.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,160 shares of the exchange traded fund’s stock after buying an additional 6,689 shares during the period. Sowell Financial Services LLC’s holdings in iShares Semiconductor ETF were worth $12,601,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of iShares Semiconductor ETF by 20.9% in 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 during the period. Bank of Nova Scotia boosted its holdings in shares of iShares Semiconductor ETF by 88.5% during the first quarter. Bank of Nova Scotia now owns 851,229 shares of the exchange traded fund’s stock worth $279,766,000 after purchasing an additional 399,612 shares during the period. Royal Bank of Canada boosted its holdings in shares of iShares Semiconductor ETF by 28.3% during the first 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 during the period. Noked Israel Ltd purchased a new stake in shares of iShares Semiconductor ETF during the first quarter worth about $114,725,000. Finally, Cetera Investment Advisers grew its stake in shares of iShares Semiconductor ETF by 7.1% in the first quarter. Cetera Investment Advisers now owns 181,101 shares of the exchange traded fund’s stock worth $59,521,000 after purchasing an additional 11,947 shares during the last quarter.

iShares Semiconductor ETF Price Performance

NASDAQ SOXX opened at $521.94 on Thursday. iShares Semiconductor ETF has a 1 year low of $260.44 and a 1 year high of $655.95. The stock has a market capitalization of $49.17 billion, a PE ratio of 31.84 and a beta of 1.80. The business’s 50-day moving average is $530.26 and its 200 day moving average is $473.25.

iShares Semiconductor ETF shares are set to split before the market opens on Thursday, November 5th. The 3-1 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a $0.3250 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827.

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.