Avaii Wealth Management LLC Increases Stake in iShares Semiconductor ETF (NASDAQ:SOXX)

Avaii Wealth Management LLC lifted its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 5.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,564 shares of the exchange traded fund’s stock after buying an additional 1,296 shares during the quarter. iShares Semiconductor ETF makes up about 2.7% of Avaii Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. Avaii Wealth Management LLC’s holdings in iShares Semiconductor ETF were worth $5,509,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its stake in iShares Semiconductor ETF by 84.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 138 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 63 shares in the last quarter. Bank of Montreal Can lifted its position in shares of iShares Semiconductor ETF by 186.3% in the second quarter. Bank of Montreal Can now owns 114,932 shares of the exchange traded fund’s stock worth $28,332,000 after buying an additional 74,788 shares in the last quarter. AQR Capital Management LLC bought a new position in iShares Semiconductor ETF during the second quarter valued at approximately $291,000. The Manufacturers Life Insurance Company grew its holdings in iShares Semiconductor ETF by 570.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,479 shares of the exchange traded fund’s stock valued at $1,598,000 after buying an additional 5,512 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group increased its stake in iShares Semiconductor ETF by 16.5% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,061 shares of the exchange traded fund’s stock worth $262,000 after acquiring an additional 150 shares during the last quarter.

iShares Semiconductor ETF Price Performance

Shares of SOXX opened at $230.64 on Friday. The stock has a market capitalization of $14.54 billion, a price-to-earnings ratio of 10.60 and a beta of 1.34. iShares Semiconductor ETF has a 1 year low of $192.87 and a 1 year high of $267.24. The business’s 50 day simple moving average is $220.66 and its 200-day simple moving average is $224.99.

iShares Semiconductor ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.3578 per share. The ex-dividend date 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).