Sumitomo Mitsui Financial Group Inc. Sells 3,712 Shares of iShares Semiconductor ETF $SOXX

Sumitomo Mitsui Financial Group Inc. lowered its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 18.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 16,785 shares of the exchange traded fund’s stock after selling 3,712 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares Semiconductor ETF were worth $4,007,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SOXX. Elevation Point Wealth Partners LLC increased its stake in shares of iShares Semiconductor ETF by 19.1% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 23,620 shares of the exchange traded fund’s stock worth $5,638,000 after purchasing an additional 3,780 shares during the last quarter. GM Advisory Group LLC lifted its position in shares of iShares Semiconductor ETF by 61.1% during the 2nd quarter. GM Advisory Group LLC now owns 175,953 shares of the exchange traded fund’s stock valued at $42,000,000 after buying an additional 66,753 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of iShares Semiconductor ETF by 10.3% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 14,921 shares of the exchange traded fund’s stock worth $3,562,000 after acquiring an additional 1,397 shares during the period. Manchester Capital Management LLC increased its holdings in iShares Semiconductor ETF by 85.7% in the 2nd quarter. Manchester Capital Management LLC now owns 2,798 shares of the exchange traded fund’s stock worth $668,000 after acquiring an additional 1,291 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in iShares Semiconductor ETF in the 2nd quarter valued at about $541,000.

iShares Semiconductor ETF Stock Up 2.8%

SOXX opened at $291.39 on Thursday. The firm has a 50-day moving average price of $286.21 and a 200-day moving average price of $253.28. iShares Semiconductor ETF has a twelve month low of $148.31 and a twelve month high of $312.79. The company has a market capitalization of $15.57 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were given a dividend of $0.5407 per share. This is an increase 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.

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).