Gemsstock Ltd. Invests $3.20 Million in iShares Semiconductor ETF $SOXX

Gemsstock Ltd. purchased a new position in iShares Semiconductor ETF (NASDAQ:SOXX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,634 shares of the exchange traded fund’s stock, valued at approximately $3,202,000. iShares Semiconductor ETF accounts for 0.5% of Gemsstock Ltd.’s investment portfolio, making the stock its 22nd largest position.

A number of other hedge funds also recently modified their holdings of SOXX. Goldman Sachs Group Inc. increased its position in shares of iShares Semiconductor ETF by 47.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,904,638 shares of the exchange traded fund’s stock worth $874,732,000 after purchasing an additional 941,363 shares during the period. Oasis Management Co Ltd. increased its position in shares of iShares Semiconductor ETF by 100.4% in the fourth quarter. Oasis Management Co Ltd. now owns 3,100 shares of the exchange traded fund’s stock worth $934,000 after purchasing an additional 804,400 shares during the period. Quadrature Capital Ltd increased its position in shares of iShares Semiconductor ETF by 6,111.9% in the third quarter. Quadrature Capital Ltd now owns 264,625 shares of the exchange traded fund’s stock worth $71,772,000 after purchasing an additional 260,365 shares during the period. Bank of America Corp DE increased its position in shares of iShares Semiconductor ETF by 7.2% in the second quarter. Bank of America Corp DE now owns 2,357,919 shares of the exchange traded fund’s stock worth $562,835,000 after purchasing an additional 159,203 shares during the period. Finally, Elo Mutual Pension Insurance Co bought a new position in shares of iShares Semiconductor ETF in the fourth quarter worth $47,208,000.

iShares Semiconductor ETF Trading Up 1.6%

Shares of iShares Semiconductor ETF stock opened at $596.25 on Friday. The company has a market cap of $38.64 billion, a PE ratio of 31.84 and a beta of 1.80. The company has a 50 day moving average of $485.32 and a 200-day moving average of $383.63. iShares Semiconductor ETF has a 1-year low of $220.30 and a 1-year high of $618.84.

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 given a dividend of $0.2079 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.83 annualized dividend and a dividend yield of 0.1%.

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). 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.