Grimes & Company Inc. Invests $644,000 in iShares Semiconductor ETF $SOXX

Grimes & Company Inc. bought a new stake in iShares Semiconductor ETF (NASDAQ:SOXX) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 2,696 shares of the exchange traded fund’s stock, valued at approximately $644,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its stake in iShares Semiconductor ETF by 220.2% in the first quarter. BNP Paribas Financial Markets now owns 968,262 shares of the exchange traded fund’s stock valued at $182,198,000 after acquiring an additional 665,867 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of iShares Semiconductor ETF by 4,151.3% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 380,062 shares of the exchange traded fund’s stock valued at $71,516,000 after purchasing an additional 371,122 shares during the period. LPL Financial LLC grew its stake in iShares Semiconductor ETF by 7.3% during the 1st quarter. LPL Financial LLC now owns 843,995 shares of the exchange traded fund’s stock worth $158,815,000 after buying an additional 57,350 shares during the last quarter. Avondale Wealth Management grew its stake in iShares Semiconductor ETF by 528.7% during the 2nd quarter. Avondale Wealth Management now owns 44,796 shares of the exchange traded fund’s stock worth $10,693,000 after buying an additional 37,671 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in iShares Semiconductor ETF by 18,717.2% during the first quarter. GAMMA Investing LLC now owns 35,000 shares of the exchange traded fund’s stock worth $6,586,000 after buying an additional 34,814 shares during the period.

iShares Semiconductor ETF Trading Up 3.0%

SOXX stock opened at $288.36 on Tuesday. The company has a market capitalization of $15.77 billion, a P/E ratio of 31.84 and a beta of 1.34. The business has a 50 day simple moving average of $254.03 and a 200-day simple moving average of $224.40. iShares Semiconductor ETF has a twelve month low of $148.31 and a twelve month high of $292.51.

iShares Semiconductor ETF Increases Dividend

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

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).