Balboa Wealth Partners Invests $508,000 in iShares Semiconductor ETF $SOXX

Balboa Wealth Partners bought a new position in iShares Semiconductor ETF (NASDAQ:SOXX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,128 shares of the exchange traded fund’s stock, valued at approximately $508,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new stake in iShares Semiconductor ETF in the first quarter valued at approximately $2,363,000. Apollon Wealth Management LLC lifted its position in iShares Semiconductor ETF by 1.1% in the second quarter. Apollon Wealth Management LLC now owns 10,944 shares of the exchange traded fund’s stock valued at $2,612,000 after purchasing an additional 120 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in iShares Semiconductor ETF by 10.0% in the first quarter. Envestnet Asset Management Inc. now owns 129,461 shares of the exchange traded fund’s stock valued at $24,361,000 after purchasing an additional 11,789 shares during the last quarter. Grandview Asset Management LLC bought a new stake in iShares Semiconductor ETF in the second quarter valued at approximately $1,070,000. Finally, RoundAngle Advisors LLC raised its holdings in shares of iShares Semiconductor ETF by 3.4% during the second quarter. RoundAngle Advisors LLC now owns 4,329 shares of the exchange traded fund’s stock valued at $1,033,000 after acquiring an additional 144 shares in the last quarter.

iShares Semiconductor ETF Trading Up 1.7%

Shares of iShares Semiconductor ETF stock opened at $292.97 on Tuesday. iShares Semiconductor ETF has a 12-month low of $148.31 and a 12-month high of $295.00. The company has a market cap of $15.51 billion, a P/E ratio of 31.84 and a beta of 1.34. The company’s fifty day simple moving average is $262.90 and its two-hundred day simple moving average is $230.86.

iShares Semiconductor ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were given a dividend of $0.5407 per share. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.48. This represents a $2.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, September 16th.

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).