Kovack Advisors Inc. Increases Stake in iShares Semiconductor ETF $SOXX

Kovack Advisors Inc. lifted its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,621 shares of the exchange traded fund’s stock after acquiring an additional 486 shares during the period. Kovack Advisors Inc.’s holdings in iShares Semiconductor ETF were worth $1,342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Atria Investments Inc increased its position in iShares Semiconductor ETF by 486.2% during the 2nd quarter. Atria Investments Inc now owns 13,448 shares of the exchange traded fund’s stock worth $3,210,000 after purchasing an additional 11,154 shares in the last quarter. Spinnaker Trust increased its position in iShares Semiconductor ETF by 3.8% during the 2nd quarter. Spinnaker Trust now owns 26,447 shares of the exchange traded fund’s stock worth $6,313,000 after purchasing an additional 974 shares in the last quarter. Savvy Advisors Inc. increased its position in iShares Semiconductor ETF by 20.8% during the 2nd quarter. Savvy Advisors Inc. now owns 1,651 shares of the exchange traded fund’s stock worth $394,000 after purchasing an additional 284 shares in the last quarter. Assetmark Inc. increased its position in iShares Semiconductor ETF by 263.0% during the 2nd quarter. Assetmark Inc. now owns 5,743 shares of the exchange traded fund’s stock worth $1,371,000 after purchasing an additional 4,161 shares in the last quarter. Finally, Keybank National Association OH acquired a new stake in iShares Semiconductor ETF during the 2nd quarter worth approximately $2,208,000.

iShares Semiconductor ETF Stock Performance

SOXX opened at $306.55 on Friday. The firm has a 50 day moving average price of $272.04 and a 200 day moving average price of $238.62. The company has a market cap of $16.46 billion, a PE ratio of 31.84 and a beta of 1.51. iShares Semiconductor ETF has a 1 year low of $148.31 and a 1 year high of $312.79.

iShares Semiconductor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were given a dividend of $0.5407 per share. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $2.16 dividend on an annualized basis and a yield of 0.7%.

iShares Semiconductor ETF Company 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).