Foundations Investment Advisors LLC Acquires 329,650 Shares of iShares Semiconductor ETF $SOXX

Foundations Investment Advisors LLC lifted its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 27,470.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 330,850 shares of the exchange traded fund’s stock after buying an additional 329,650 shares during the period. iShares Semiconductor ETF makes up approximately 1.3% of Foundations Investment Advisors LLC’s portfolio, making the stock its 18th largest position. Foundations Investment Advisors LLC’s holdings in iShares Semiconductor ETF were worth $89,700,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SOXX. GPS Wealth Strategies Group LLC boosted its holdings in iShares Semiconductor ETF by 24.9% in the third quarter. GPS Wealth Strategies Group LLC now owns 1,976 shares of the exchange traded fund’s stock worth $536,000 after purchasing an additional 394 shares in the last quarter. Corrado Advisors LLC raised its holdings in iShares Semiconductor ETF by 4.7% during the third quarter. Corrado Advisors LLC now owns 8,923 shares of the exchange traded fund’s stock valued at $2,419,000 after buying an additional 398 shares in the last quarter. American Institute for Advanced Investment Management LLP lifted its position in shares of iShares Semiconductor ETF by 3.5% in the third quarter. American Institute for Advanced Investment Management LLP now owns 1,183 shares of the exchange traded fund’s stock worth $321,000 after buying an additional 40 shares during the last quarter. Florin Court Capital LLP boosted its stake in shares of iShares Semiconductor ETF by 107.3% during the 3rd quarter. Florin Court Capital LLP now owns 11,400 shares of the exchange traded fund’s stock worth $3,091,000 after acquiring an additional 5,900 shares in the last quarter. Finally, Clarus Group Inc. acquired a new position in shares of iShares Semiconductor ETF during the 3rd quarter valued at about $226,000.

iShares Semiconductor ETF Stock Performance

Shares of SOXX stock opened at $360.46 on Thursday. The stock’s 50 day simple moving average is $313.18 and its 200 day simple moving average is $282.65. iShares Semiconductor ETF has a twelve month low of $148.31 and a twelve month high of $362.04. The company has a market capitalization of $21.38 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a $0.4363 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 0.5%.

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.