iShares Semiconductor ETF $SOXX Stake Cut by Corrado Advisors LLC

Corrado Advisors LLC lessened its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 19.5% in the third quarter, HoldingsChannel.com reports. The firm owned 5,911 shares of the exchange traded fund’s stock after selling 1,435 shares during the period. iShares Semiconductor ETF accounts for approximately 1.7% of Corrado Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Corrado Advisors LLC’s holdings in iShares Semiconductor ETF were worth $3,361,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of iShares Semiconductor ETF by 20.9% during the first quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock worth $1,023,867,000 after purchasing an additional 538,125 shares during the period. Bank of Nova Scotia lifted its position in shares of iShares Semiconductor ETF by 88.5% in the 1st quarter. Bank of Nova Scotia now owns 851,229 shares of the exchange traded fund’s stock worth $279,766,000 after buying an additional 399,612 shares during the last quarter. Noked Israel Ltd acquired a new position in shares of iShares Semiconductor ETF in the 1st quarter valued at about $114,725,000. Y.D. More Investments Ltd boosted its holdings in shares of iShares Semiconductor ETF by 4,175.2% in the 1st quarter. Y.D. More Investments Ltd now owns 158,996 shares of the exchange traded fund’s stock valued at $52,240,000 after buying an additional 155,277 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of iShares Semiconductor ETF by 28.3% in the 1st quarter. Royal Bank of Canada now owns 433,384 shares of the exchange traded fund’s stock valued at $142,437,000 after buying an additional 95,669 shares during the period.

iShares Semiconductor ETF Stock Up 2.1%

Shares of NASDAQ:SOXX opened at $521.94 on Thursday. iShares Semiconductor ETF has a fifty-two week low of $260.44 and a fifty-two week high of $655.95. The firm has a 50-day simple moving average of $530.26 and a 200 day simple moving average of $473.25. The company has a market cap of $49.17 billion, a PE ratio of 31.84 and a beta of 1.80.

iShares Semiconductor ETF’s stock is scheduled to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were paid a $0.3250 dividend. The ex-dividend date was Tuesday, September 15th. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. This represents a $1.30 dividend on an annualized basis and a 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.