Envestnet Portfolio Solutions Inc. Boosts Stock Position in iShares Semiconductor ETF $SOXX

Envestnet Portfolio Solutions Inc. lifted its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 42.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,597 shares of the exchange traded fund’s stock after purchasing an additional 1,066 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares Semiconductor ETF were worth $859,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SOXX. BNP Paribas Financial Markets grew its holdings in shares of iShares Semiconductor ETF by 220.2% in the first quarter. BNP Paribas Financial Markets now owns 968,262 shares of the exchange traded fund’s stock valued at $182,198,000 after purchasing an additional 665,867 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of iShares Semiconductor ETF by 4,151.3% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 380,062 shares of the exchange traded fund’s stock valued at $71,516,000 after purchasing an additional 371,122 shares in the last quarter. LPL Financial LLC grew its holdings in shares of iShares Semiconductor ETF by 7.3% in the first quarter. LPL Financial LLC now owns 843,995 shares of the exchange traded fund’s stock valued at $158,815,000 after purchasing an additional 57,350 shares in the last quarter. Avondale Wealth Management lifted its position in iShares Semiconductor ETF by 528.7% in the second quarter. Avondale Wealth Management now owns 44,796 shares of the exchange traded fund’s stock worth $10,693,000 after buying an additional 37,671 shares during the last quarter. Finally, Clark Capital Management Group Inc. bought a new stake in iShares Semiconductor ETF in the first quarter worth $6,149,000.

iShares Semiconductor ETF Stock Down 0.3%

Shares of SOXX opened at $288.17 on Monday. The company has a market cap of $15.26 billion, a PE ratio of 31.84 and a beta of 1.34. The business has a fifty day moving average of $261.89 and a 200 day moving average of $230.01. iShares Semiconductor ETF has a 52-week low of $148.31 and a 52-week high of $292.51.

iShares Semiconductor ETF Increases Dividend

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

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).