Merrion Investment Management Co LLC Grows Stake in iShares Semiconductor ETF (NASDAQ:SOXX)

Merrion Investment Management Co LLC grew its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 200.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,500 shares of the exchange traded fund’s stock after buying an additional 1,000 shares during the period. Merrion Investment Management Co LLC’s holdings in iShares Semiconductor ETF were worth $339,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SOXX. International Assets Investment Management LLC purchased a new position in iShares Semiconductor ETF during the fourth quarter worth $419,921,000. Global Assets Advisory LLC purchased a new position in iShares Semiconductor ETF during the first quarter worth $107,385,000. BNP Paribas Financial Markets increased its position in iShares Semiconductor ETF by 46.9% during the fourth quarter. BNP Paribas Financial Markets now owns 313,094 shares of the exchange traded fund’s stock worth $180,373,000 after buying an additional 99,970 shares in the last quarter. IMC Chicago LLC acquired a new stake in shares of iShares Semiconductor ETF during the fourth quarter worth $32,479,000. Finally, Yarbrough Capital LLC boosted its holdings in shares of iShares Semiconductor ETF by 200.0% during the first quarter. Yarbrough Capital LLC now owns 82,383 shares of the exchange traded fund’s stock worth $18,612,000 after purchasing an additional 54,922 shares during the last quarter.

iShares Semiconductor ETF Stock Up 1.0 %

Shares of SOXX stock traded up $2.47 during mid-day trading on Friday, hitting $246.63. 3,851,382 shares of the company’s stock were exchanged, compared to its average volume of 3,675,593. iShares Semiconductor ETF has a fifty-two week low of $144.40 and a fifty-two week high of $260.65. The stock has a 50-day simple moving average of $232.78 and a two-hundred day simple moving average of $215.94. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 10.60 and a beta of 1.34.

iShares Semiconductor ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were issued a dividend of $0.3103 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Tuesday, June 11th.

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).