Envestnet Asset Management Inc. Increases Stake in iShares Semiconductor ETF (NASDAQ:SOXX)

Envestnet Asset Management Inc. raised its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 45.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,900 shares of the exchange traded fund’s stock after purchasing an additional 24,744 shares during the period. Envestnet Asset Management Inc. owned 0.45% of iShares Semiconductor ETF worth $35,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC acquired a new position in iShares Semiconductor ETF in the first quarter valued at approximately $25,000. Clear Investment Research LLC increased its position in shares of iShares Semiconductor ETF by 728.6% during the first quarter. Clear Investment Research LLC now owns 58 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 51 shares in the last quarter. Sittner & Nelson LLC purchased a new stake in shares of iShares Semiconductor ETF during the first quarter worth approximately $26,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of iShares Semiconductor ETF during the first quarter worth approximately $31,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in iShares Semiconductor ETF in the 1st quarter valued at $32,000.

iShares Semiconductor ETF Stock Up 2.6 %

Shares of NASDAQ:SOXX opened at $504.78 on Wednesday. The business has a fifty day moving average of $505.16 and a two-hundred day moving average of $459.99. The stock has a market cap of $8.78 billion, a P/E ratio of 17.05 and a beta of 1.34. iShares Semiconductor ETF has a 52-week low of $287.82 and a 52-week high of $536.88.

iShares Semiconductor ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Thursday, June 8th were issued a $0.6507 dividend. This represents a $2.60 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, June 7th.

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).