CTC Alternative Strategies Ltd. Has $1.79 Million Stock Holdings in iShares Semiconductor ETF $SOXX

CTC Alternative Strategies Ltd. raised its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 127.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,600 shares of the exchange traded fund’s stock after buying an additional 3,700 shares during the quarter. iShares Semiconductor ETF makes up about 2.2% of CTC Alternative Strategies Ltd.’s holdings, making the stock its 10th largest holding. CTC Alternative Strategies Ltd.’s holdings in iShares Semiconductor ETF were worth $1,789,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SOXX. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of iShares Semiconductor ETF in the 3rd quarter worth $25,000. Financial Consulate Inc. purchased a new stake in iShares Semiconductor ETF during the third quarter valued at $34,000. Strategic Advocates LLC bought a new position in iShares Semiconductor ETF in the third quarter valued at about $35,000. Johnson Financial Group Inc. bought a new position in iShares Semiconductor ETF in the second quarter valued at about $32,000. Finally, Wellington Shields & Co. LLC purchased a new position in iShares Semiconductor ETF in the third quarter worth about $41,000.

iShares Semiconductor ETF Stock Down 0.5%

iShares Semiconductor ETF stock opened at $338.46 on Thursday. The business has a 50-day simple moving average of $344.96 and a two-hundred day simple moving average of $307.55. The company has a market cap of $20.51 billion, a P/E ratio of 31.84 and a beta of 1.51. iShares Semiconductor ETF has a 52-week low of $148.31 and a 52-week high of $368.82.

iShares Semiconductor ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 17th will be issued a $0.2079 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 0.2%.

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.