Fernwood Investment Management LLC Increases Stake in iShares Semiconductor ETF (NASDAQ:SOXX)

Fernwood Investment Management LLC lifted its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 8.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,004 shares of the exchange traded fund’s stock after buying an additional 82 shares during the quarter. Fernwood Investment Management LLC’s holdings in iShares Semiconductor ETF were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Global Trust Asset Management LLC purchased a new stake in iShares Semiconductor ETF in the 3rd quarter worth $27,000. Transcendent Capital Group LLC purchased a new stake in shares of iShares Semiconductor ETF in the second quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its stake in iShares Semiconductor ETF by 84.0% during the second quarter. EverSource Wealth Advisors LLC now owns 138 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 63 shares during the last quarter. LRI Investments LLC purchased a new position in iShares Semiconductor ETF during the 1st quarter valued at approximately $33,000. Finally, Cultivar Capital Inc. bought a new stake in iShares Semiconductor ETF in the 2nd quarter worth approximately $37,000.

iShares Semiconductor ETF Price Performance

Shares of NASDAQ SOXX traded up $2.32 during midday trading on Friday, reaching $220.58. 2,130,522 shares of the stock traded hands, compared to its average volume of 3,771,146. The company’s 50 day moving average is $225.70 and its 200 day moving average is $230.37. iShares Semiconductor ETF has a one year low of $152.35 and a one year high of $267.24. The stock has a market capitalization of $14.10 billion, a PE ratio of 10.60 and a beta of 1.34.

iShares Semiconductor ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were given a dividend of $0.5524 per share. The ex-dividend date was Wednesday, September 25th.

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).