Valmark Advisers Inc. Purchases New Stake in iShares Semiconductor ETF $SOXX

Valmark Advisers Inc. purchased a new stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 864 shares of the exchange traded fund’s stock, valued at approximately $206,000.

Other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new position in iShares Semiconductor ETF during the first quarter valued at about $47,000. Banque Cantonale Vaudoise purchased a new stake in iShares Semiconductor ETF during the first quarter valued at about $2,363,000. Envestnet Asset Management Inc. lifted its holdings in iShares Semiconductor ETF by 10.0% during 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. QRG Capital Management Inc. purchased a new stake in iShares Semiconductor ETF during the first quarter valued at about $388,000. Finally, Grandview Asset Management LLC purchased a new stake in iShares Semiconductor ETF during the second quarter valued at about $1,070,000.

iShares Semiconductor ETF Stock Down 6.3%

NASDAQ SOXX opened at $271.99 on Friday. The company has a market cap of $14.86 billion, a PE ratio of 31.84 and a beta of 1.34. iShares Semiconductor ETF has a 52 week low of $148.31 and a 52 week high of $292.51. The firm’s 50-day simple moving average is $257.32 and its two-hundred day simple moving average is $226.33.

iShares Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.5407 per share. This represents a $2.16 annualized dividend and a yield of 0.8%. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Tuesday, September 16th.

iShares Semiconductor ETF Company 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).