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

Royal Fund Management LLC purchased a new stake in iShares Semiconductor ETF (NASDAQ:SOXX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,997 shares of the exchange traded fund’s stock, valued at approximately $9,665,000.

Several other institutional investors have also bought and sold shares of the stock. Sepio Capital LP lifted its holdings in shares of iShares Semiconductor ETF by 6.1% during the third quarter. Sepio Capital LP now owns 625 shares of the exchange traded fund’s stock valued at $355,000 after acquiring an additional 36 shares during the period. Strategic Planning Group LLC acquired a new stake in shares of iShares Semiconductor ETF in the 3rd quarter valued at $439,000. CMH Wealth Management LLC boosted its stake in shares of iShares Semiconductor ETF by 2.7% in the 3rd quarter. CMH Wealth Management LLC now owns 26,352 shares of the exchange traded fund’s stock valued at $14,985,000 after purchasing an additional 691 shares in the last quarter. Brookstone Capital Management boosted its stake in shares of iShares Semiconductor ETF by 95.4% in the 3rd quarter. Brookstone Capital Management now owns 13,198 shares of the exchange traded fund’s stock valued at $7,505,000 after purchasing an additional 6,444 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its holdings in shares of iShares Semiconductor ETF by 3.5% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 2,451 shares of the exchange traded fund’s stock worth $1,394,000 after purchasing an additional 84 shares during the last quarter.

iShares Semiconductor ETF Stock Performance

SOXX opened at $475.69 on Friday. The firm has a market cap of $39.91 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. The firm’s 50-day simple moving average is $533.42 and its 200-day simple moving average is $528.27. iShares Semiconductor ETF has a twelve month low of $260.44 and a twelve month high of $655.95.

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

iShares Semiconductor ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were given a $0.3250 dividend. This represents a $1.30 dividend on an annualized basis and a 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.

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). 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.