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

Envestnet Asset Management Inc. lifted its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 10.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,461 shares of the exchange traded fund’s stock after purchasing an additional 11,789 shares during the period. Envestnet Asset Management Inc. owned 0.22% of iShares Semiconductor ETF worth $24,361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SOXX. GAMMA Investing LLC raised its position in shares of iShares Semiconductor ETF by 18,717.2% during the 1st quarter. GAMMA Investing LLC now owns 35,000 shares of the exchange traded fund’s stock valued at $6,586,000 after buying an additional 34,814 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of iShares Semiconductor ETF during the 1st quarter valued at about $47,000. QRG Capital Management Inc. purchased a new stake in shares of iShares Semiconductor ETF during the 1st quarter valued at about $388,000. Northern Trust Corp raised its position in shares of iShares Semiconductor ETF by 10.8% during the 4th quarter. Northern Trust Corp now owns 3,810 shares of the exchange traded fund’s stock valued at $821,000 after buying an additional 371 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of iShares Semiconductor ETF by 8.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,531 shares of the exchange traded fund’s stock valued at $476,000 after buying an additional 187 shares in the last quarter.

iShares Semiconductor ETF Price Performance

iShares Semiconductor ETF stock opened at $246.26 on Wednesday. iShares Semiconductor ETF has a 1-year low of $148.31 and a 1-year high of $262.14. The firm has a market capitalization of $13.96 billion, a P/E ratio of 31.84 and a beta of 1.34. The company’s 50-day moving average is $222.57 and its 200 day moving average is $209.50.

iShares Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were paid a $0.4833 dividend. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.93 dividend on an annualized basis and a yield of 0.78%.

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).