Royal Fund Management LLC Buys New Position in iShares Semiconductor ETF $SOXX

Royal Fund Management LLC bought a new position in iShares Semiconductor ETF (NASDAQ:SOXX) during the 3rd quarter, Holdings Channel reports. The firm bought 16,997 shares of the exchange traded fund’s stock, valued at approximately $9,665,000.

Other large investors have also bought and sold shares of the company. Highland Investment Advisors LLC acquired a new stake in iShares Semiconductor ETF during the 2nd quarter valued at $40,000. Triumph Capital Management increased its holdings in iShares Semiconductor ETF by 44.4% during the 2nd quarter. Triumph Capital Management now owns 65 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in iShares Semiconductor ETF by 245.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 69 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 49 shares during the last quarter. Atomic Invest LLC raised its position in iShares Semiconductor ETF by 108.1% in the 2nd quarter. Atomic Invest LLC now owns 77 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 40 shares during the last quarter. Finally, Go Invest LLC bought a new position in iShares Semiconductor ETF in the 3rd quarter valued at $45,000.

iShares Semiconductor ETF Stock Performance

iShares Semiconductor ETF stock opened at $475.69 on Friday. The firm has a market cap of $39.91 billion, a P/E ratio of 31.84 and a beta of 1.80. The business’s fifty day moving average is $533.42 and its two-hundred day moving average is $528.27. iShares Semiconductor ETF has a 52 week low of $260.44 and a 52 week high of $655.95.

Shares of iShares Semiconductor ETF are going to split on Thursday, November 5th. The 3-1 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a $0.3250 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. The ex-dividend date was Tuesday, September 15th.

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). 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.