Spinnaker Trust Purchases 974 Shares of iShares Semiconductor ETF $SOXX

Spinnaker Trust boosted its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 3.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 26,447 shares of the exchange traded fund’s stock after buying an additional 974 shares during the quarter. Spinnaker Trust’s holdings in iShares Semiconductor ETF were worth $6,313,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group increased its stake in iShares Semiconductor ETF by 2.4% during the second quarter. Rehmann Capital Advisory Group now owns 1,801 shares of the exchange traded fund’s stock valued at $430,000 after acquiring an additional 42 shares during the period. CWM LLC grew its stake in shares of iShares Semiconductor ETF by 1.0% in the 2nd quarter. CWM LLC now owns 4,846 shares of the exchange traded fund’s stock valued at $1,157,000 after purchasing an additional 49 shares during the period. RB Capital Management LLC grew its stake in shares of iShares Semiconductor ETF by 2.7% in the 2nd quarter. RB Capital Management LLC now owns 2,033 shares of the exchange traded fund’s stock valued at $485,000 after purchasing an additional 53 shares during the period. Signature Estate & Investment Advisors LLC grew its stake in shares of iShares Semiconductor ETF by 4.7% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 1,194 shares of the exchange traded fund’s stock valued at $225,000 after purchasing an additional 54 shares during the period. Finally, AE Wealth Management LLC grew its stake in shares of iShares Semiconductor ETF by 1.5% in the 1st quarter. AE Wealth Management LLC now owns 4,312 shares of the exchange traded fund’s stock valued at $811,000 after purchasing an additional 62 shares during the period.

iShares Semiconductor ETF Trading Up 1.7%

SOXX stock opened at $309.60 on Thursday. iShares Semiconductor ETF has a 1-year low of $148.31 and a 1-year high of $312.79. The firm has a market cap of $16.36 billion, a P/E ratio of 31.84 and a beta of 1.51. The business’s 50 day moving average is $269.63 and its 200-day moving average is $237.22.

iShares Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were paid a $0.5407 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $2.16 annualized dividend and a dividend yield of 0.7%. 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).