iShares Semiconductor ETF $SOXX Shares Acquired by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lifted its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 96.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,886 shares of the exchange traded fund’s stock after acquiring an additional 1,909 shares during the period. Pinnacle Associates Ltd.’s holdings in iShares Semiconductor ETF were worth $1,170,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bison Wealth LLC purchased a new stake in shares of iShares Semiconductor ETF during the fourth quarter valued at approximately $201,000. AQR Capital Management LLC boosted its stake in shares of iShares Semiconductor ETF by 83.9% in the first quarter. AQR Capital Management LLC now owns 2,238 shares of the exchange traded fund’s stock valued at $421,000 after purchasing an additional 1,021 shares during the period. Schnieders Capital Management LLC. boosted its stake in shares of iShares Semiconductor ETF by 102.6% in the second quarter. Schnieders Capital Management LLC. now owns 3,495 shares of the exchange traded fund’s stock valued at $834,000 after purchasing an additional 1,770 shares during the period. Amundi acquired a new stake in iShares Semiconductor ETF during the 2nd quarter valued at $831,000. Finally, Cerity Partners LLC grew its holdings in iShares Semiconductor ETF by 9.0% during the 2nd quarter. Cerity Partners LLC now owns 5,817 shares of the exchange traded fund’s stock valued at $1,389,000 after purchasing an additional 482 shares in the last quarter.

iShares Semiconductor ETF Price Performance

iShares Semiconductor ETF stock opened at $508.52 on Monday. iShares Semiconductor ETF has a 12-month low of $199.93 and a 12-month high of $533.74. The company has a market capitalization of $32.95 billion, a price-to-earnings ratio of 31.84 and a beta of 1.75. The firm’s fifty day moving average price is $396.04 and its 200 day moving average price is $347.17.

iShares Semiconductor ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a dividend of $0.2079 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 17th.

iShares Semiconductor ETF Company 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.