Independent Advisor Alliance Buys Shares of 18,542 iShares Semiconductor ETF (NASDAQ:SOXX)

Independent Advisor Alliance purchased a new position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 18,542 shares of the exchange traded fund’s stock, valued at approximately $3,996,000.

A number of other hedge funds also recently modified their holdings of SOXX. Healthcare of Ontario Pension Plan Trust Fund increased its position in iShares Semiconductor ETF by 47.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,960,000 shares of the exchange traded fund’s stock worth $682,546,000 after buying an additional 950,000 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of iShares Semiconductor ETF during the 4th quarter worth $289,403,000. JPMorgan Chase & Co. increased its holdings in iShares Semiconductor ETF by 2.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,244,540 shares of the exchange traded fund’s stock worth $286,979,000 after acquiring an additional 24,055 shares during the last quarter. Barclays PLC raised its stake in iShares Semiconductor ETF by 24.3% in the 3rd quarter. Barclays PLC now owns 426,035 shares of the exchange traded fund’s stock valued at $98,239,000 after acquiring an additional 83,163 shares during the period. Finally, Mirae Asset Securities USA Inc. lifted its holdings in iShares Semiconductor ETF by 60.0% during the third quarter. Mirae Asset Securities USA Inc. now owns 400,000 shares of the exchange traded fund’s stock valued at $92,236,000 after purchasing an additional 150,000 shares during the last quarter.

iShares Semiconductor ETF Stock Down 1.2 %

Shares of NASDAQ:SOXX opened at $192.12 on Wednesday. The firm has a market capitalization of $11.89 billion, a PE ratio of 30.63 and a beta of 1.34. The company has a 50-day moving average price of $218.43 and a two-hundred day moving average price of $221.26. iShares Semiconductor ETF has a twelve month low of $189.11 and a twelve month high of $267.24.

iShares Semiconductor ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a $0.3578 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

About iShares Semiconductor ETF

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).