Valley Wealth Managers Inc. Acquires 1,281 Shares of iShares Semiconductor ETF $SOXX

Valley Wealth Managers Inc. boosted its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 12.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,458 shares of the exchange traded fund’s stock after acquiring an additional 1,281 shares during the period. Valley Wealth Managers Inc.’s holdings in iShares Semiconductor ETF were worth $3,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in shares of iShares Semiconductor ETF by 47.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,904,638 shares of the exchange traded fund’s stock worth $874,732,000 after purchasing an additional 941,363 shares during the period. Oasis Management Co Ltd. increased its holdings in iShares Semiconductor ETF by 100.4% during the fourth quarter. Oasis Management Co Ltd. now owns 3,100 shares of the exchange traded fund’s stock valued at $934,000 after buying an additional 804,400 shares during the period. Morgan Stanley increased its holdings in iShares Semiconductor ETF by 30.0% during the fourth quarter. Morgan Stanley now owns 2,368,608 shares of the exchange traded fund’s stock valued at $713,307,000 after buying an additional 547,109 shares during the period. Bank of Nova Scotia increased its holdings in iShares Semiconductor ETF by 5,159.3% during the fourth quarter. Bank of Nova Scotia now owns 451,617 shares of the exchange traded fund’s stock valued at $136,005,000 after buying an additional 443,030 shares during the period. Finally, Alkeon Capital Management LLC bought a new position in iShares Semiconductor ETF in the fourth quarter worth approximately $58,001,000.

iShares Semiconductor ETF Stock Down 1.6%

iShares Semiconductor ETF stock opened at $521.81 on Friday. The business has a fifty day moving average of $570.18 and a two-hundred day moving average of $434.16. The firm has a market cap of $42.24 billion, a P/E ratio of 31.84 and a beta of 1.77. iShares Semiconductor ETF has a twelve month low of $232.33 and a twelve month high of $655.95.

iShares Semiconductor ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $0.2827 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.21.

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.