Cadent Capital Advisors LLC Grows Stock Position in iShares Semiconductor ETF $SOXX

Cadent Capital Advisors LLC grew its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 349.3% during the third quarter, Holdings Channel reports. The institutional investor owned 21,077 shares of the exchange traded fund’s stock after purchasing an additional 16,386 shares during the quarter. iShares Semiconductor ETF accounts for 1.5% of Cadent Capital Advisors LLC’s holdings, making the stock its 16th largest holding. Cadent Capital Advisors LLC’s holdings in iShares Semiconductor ETF were worth $5,714,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in iShares Semiconductor ETF by 220.2% in the 1st quarter. BNP Paribas Financial Markets now owns 968,262 shares of the exchange traded fund’s stock valued at $182,198,000 after acquiring an additional 665,867 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its position in shares of iShares Semiconductor ETF by 4,677.9% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 201,722 shares of the exchange traded fund’s stock valued at $48,151,000 after purchasing an additional 197,500 shares during the period. Bank of America Corp DE raised its position in shares of iShares Semiconductor ETF by 7.2% in the second quarter. Bank of America Corp DE now owns 2,357,919 shares of the exchange traded fund’s stock valued at $562,835,000 after purchasing an additional 159,203 shares during the period. Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of iShares Semiconductor ETF by 304.7% during the 2nd quarter. Gerber Kawasaki Wealth & Investment Management now owns 156,338 shares of the exchange traded fund’s stock valued at $37,317,000 after buying an additional 117,703 shares in the last quarter. Finally, Wellspring Financial Advisors LLC bought a new position in iShares Semiconductor ETF in the 2nd quarter worth approximately $25,749,000.

iShares Semiconductor ETF Price Performance

Shares of SOXX stock opened at $305.67 on Thursday. The stock has a market capitalization of $16.34 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51. The company’s fifty day simple moving average is $296.63 and its two-hundred day simple moving average is $266.20. iShares Semiconductor ETF has a 1 year low of $148.31 and a 1 year high of $317.35.

iShares Semiconductor ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a dividend of $0.4363 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, December 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). The Index is an equity benchmark for the United States-listed semiconductor stocks. The Index includes companies primarily involved in the design, distribution, manufacture and sale of semiconductors.