Parker Investment Management LLC Invests $463,000 in iShares Semiconductor ETF $SOXX

Parker Investment Management LLC bought a new stake in iShares Semiconductor ETF (NASDAQ:SOXX) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,409 shares of the exchange traded fund’s stock, valued at approximately $463,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Goldman Sachs Group Inc. grew its position in iShares Semiconductor ETF by 47.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,904,638 shares of the exchange traded fund’s stock worth $874,732,000 after acquiring an additional 941,363 shares during the last quarter. Morgan Stanley increased its holdings in iShares Semiconductor ETF by 30.0% during the 4th quarter. Morgan Stanley now owns 2,368,608 shares of the exchange traded fund’s stock valued at $713,307,000 after purchasing an additional 547,109 shares in the last quarter. Bank of America Corp DE raised its position in iShares Semiconductor ETF by 7.2% in the 2nd quarter. Bank of America Corp DE now owns 2,357,919 shares of the exchange traded fund’s stock valued at $562,835,000 after purchasing an additional 159,203 shares during the last quarter. LPL Financial LLC raised its position in iShares Semiconductor ETF by 1.7% in the 4th quarter. LPL Financial LLC now owns 1,041,783 shares of the exchange traded fund’s stock valued at $313,733,000 after purchasing an additional 17,038 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in iShares Semiconductor ETF by 14.4% in the 4th quarter. Wells Fargo & Company MN now owns 963,663 shares of the exchange traded fund’s stock valued at $290,207,000 after purchasing an additional 121,561 shares during the last quarter.

iShares Semiconductor ETF Stock Performance

iShares Semiconductor ETF stock opened at $555.52 on Thursday. The business’s fifty day moving average is $571.27 and its two-hundred day moving average is $440.17. The firm has a market cap of $46.58 billion, a P/E ratio of 31.84 and a beta of 1.77. iShares Semiconductor ETF has a 52 week low of $232.33 and a 52 week high of $655.95.

iShares Semiconductor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $0.2827 dividend. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. This represents a $1.13 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, June 15th.

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.