Sax Wealth Advisors LLC Invests $1.64 Million in iShares Semiconductor ETF $SOXX

Sax Wealth Advisors LLC bought a new stake in iShares Semiconductor ETF (NASDAQ:SOXX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,552 shares of the exchange traded fund’s stock, valued at approximately $1,635,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake 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 purchasing an additional 941,363 shares during the period. Oasis Management Co Ltd. increased its stake in 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 valued at $934,000 after purchasing an additional 804,400 shares during the period. Morgan Stanley increased its stake in iShares Semiconductor ETF by 30.0% in the fourth 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 during the period. Bank of America Corp DE raised its holdings in shares of iShares Semiconductor ETF by 20.9% in the first quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock valued at $1,023,867,000 after buying an additional 538,125 shares during the last quarter. Finally, Bank of Nova Scotia raised its holdings in shares of iShares Semiconductor ETF by 5,159.3% in the fourth quarter. Bank of Nova Scotia now owns 451,617 shares of the exchange traded fund’s stock valued at $136,005,000 after buying an additional 443,030 shares during the last quarter.

iShares Semiconductor ETF Stock Performance

Shares of SOXX opened at $543.27 on Monday. iShares Semiconductor ETF has a fifty-two week low of $237.10 and a fifty-two week high of $655.95. The company has a market capitalization of $48.70 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. The firm has a 50-day simple moving average of $567.12 and a 200-day simple moving average of $456.12.

iShares Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $0.2827 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.13 annualized dividend and a yield of 0.2%. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.21.

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.