Arrowpoint Investment Partners Singapore Pte. Ltd. Takes $301,000 Position in iShares Semiconductor ETF $SOXX

Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,000 shares of the exchange traded fund’s stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Citizens Financial Group Inc. RI raised its holdings in iShares Semiconductor ETF by 2.0% during the 4th quarter. Citizens Financial Group Inc. RI now owns 1,615 shares of the exchange traded fund’s stock valued at $486,000 after buying an additional 31 shares during the period. Stratos Wealth Advisors LLC boosted its stake in iShares Semiconductor ETF by 1.7% during the third quarter. Stratos Wealth Advisors LLC now owns 2,135 shares of the exchange traded fund’s stock worth $579,000 after buying an additional 36 shares during the period. Rinkey Investments increased its position in iShares Semiconductor ETF by 2.3% during the fourth quarter. Rinkey Investments now owns 1,571 shares of the exchange traded fund’s stock valued at $473,000 after acquiring an additional 36 shares during the last quarter. First Heartland Consultants Inc. raised its stake in shares of iShares Semiconductor ETF by 1.1% in the fourth quarter. First Heartland Consultants Inc. now owns 3,295 shares of the exchange traded fund’s stock valued at $992,000 after acquiring an additional 37 shares during the period. Finally, Madison Wealth Partners Inc raised its stake in shares of iShares Semiconductor ETF by 1.7% in the fourth quarter. Madison Wealth Partners Inc now owns 2,206 shares of the exchange traded fund’s stock valued at $664,000 after acquiring an additional 37 shares during the period.

iShares Semiconductor ETF Trading Down 2.1%

SOXX stock opened at $602.72 on Friday. iShares Semiconductor ETF has a 12 month low of $214.41 and a 12 month high of $618.84. The company has a 50-day moving average price of $456.85 and a 200 day moving average price of $372.13. The stock has a market cap of $39.06 billion, a PE ratio of 31.84 and a beta of 1.80.

iShares Semiconductor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were paid a dividend of $0.2079 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 0.1%.

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). The Index is an equity benchmark for the United States-listed semiconductor stocks. The Index includes companies primarily involved in the design, distribution, manufacture and sale of semiconductors.