Grandview Asset Management LLC Takes Position in iShares Semiconductor ETF $SOXX

Grandview Asset Management LLC bought a new stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,484 shares of the exchange traded fund’s stock, valued at approximately $1,070,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. RB Capital Management LLC grew its position in shares of iShares Semiconductor ETF by 2.7% during the 2nd quarter. RB Capital Management LLC now owns 2,033 shares of the exchange traded fund’s stock valued at $485,000 after acquiring an additional 53 shares during the period. Signature Estate & Investment Advisors LLC grew its position in shares of iShares Semiconductor ETF by 4.7% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 1,194 shares of the exchange traded fund’s stock valued at $225,000 after acquiring an additional 54 shares during the period. Money Concepts Capital Corp grew its position in shares of iShares Semiconductor ETF by 0.5% during the 1st quarter. Money Concepts Capital Corp now owns 11,090 shares of the exchange traded fund’s stock valued at $2,087,000 after acquiring an additional 58 shares during the period. AE Wealth Management LLC lifted its stake in shares of iShares Semiconductor ETF by 1.5% during the 1st quarter. AE Wealth Management LLC now owns 4,312 shares of the exchange traded fund’s stock valued at $811,000 after buying an additional 62 shares in the last quarter. Finally, Summit X LLC lifted its stake in shares of iShares Semiconductor ETF by 2.2% during the 1st quarter. Summit X LLC now owns 2,871 shares of the exchange traded fund’s stock valued at $540,000 after buying an additional 63 shares in the last quarter.

iShares Semiconductor ETF Trading Up 0.2%

Shares of SOXX stock opened at $268.83 on Friday. The stock has a market capitalization of $14.87 billion, a P/E ratio of 31.84 and a beta of 1.34. The firm’s 50 day moving average is $249.93 and its 200 day moving average is $221.03. iShares Semiconductor ETF has a 12 month low of $148.31 and a 12 month high of $272.13.

iShares Semiconductor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were paid a dividend of $0.5407 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, September 16th. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.48.

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).