Savvy Advisors Inc. Lowers Stake in iShares Semiconductor ETF (NASDAQ:SOXX)

Savvy Advisors Inc. reduced its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 67.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,367 shares of the exchange traded fund’s stock after selling 2,894 shares during the period. Savvy Advisors Inc.’s holdings in iShares Semiconductor ETF were worth $257,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. LPL Financial LLC lifted its position in iShares Semiconductor ETF by 7.3% during the 1st quarter. LPL Financial LLC now owns 843,995 shares of the exchange traded fund’s stock valued at $158,815,000 after acquiring an additional 57,350 shares during the period. Royal Bank of Canada lifted its position in iShares Semiconductor ETF by 9.7% during the 4th quarter. Royal Bank of Canada now owns 445,806 shares of the exchange traded fund’s stock valued at $96,068,000 after acquiring an additional 39,604 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in iShares Semiconductor ETF during the 4th quarter valued at about $95,496,000. OVERSEA CHINESE BANKING Corp Ltd lifted its position in iShares Semiconductor ETF by 4,151.3% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 380,062 shares of the exchange traded fund’s stock valued at $71,516,000 after acquiring an additional 371,122 shares during the period. Finally, Donaldson Capital Management LLC lifted its position in iShares Semiconductor ETF by 2.2% during the 1st quarter. Donaldson Capital Management LLC now owns 319,441 shares of the exchange traded fund’s stock valued at $60,109,000 after acquiring an additional 6,992 shares during the period.

iShares Semiconductor ETF Price Performance

Shares of NASDAQ SOXX opened at $242.87 on Monday. iShares Semiconductor ETF has a 1 year low of $148.31 and a 1 year high of $250.19. The stock has a market cap of $13.43 billion, a P/E ratio of 31.84 and a beta of 1.34. The firm has a 50-day moving average of $235.78 and a 200 day moving average of $211.95.

iShares Semiconductor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 16th were paid a dividend of $0.4833 per share. The ex-dividend date was Monday, June 16th. This represents a $1.93 dividend on an annualized basis and a yield of 0.8%. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.31.

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).