Perennial Investment Advisors LLC Takes $316,000 Position in iShares Semiconductor ETF (NASDAQ:SOXX)

Perennial Investment Advisors LLC bought a new stake in iShares Semiconductor ETF (NASDAQ:SOXX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,280 shares of the exchange traded fund’s stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gerber LLC acquired a new position in shares of iShares Semiconductor ETF in the fourth quarter valued at about $403,000. Twin Focus Capital Partners LLC increased its holdings in iShares Semiconductor ETF by 107.6% in the 4th quarter. Twin Focus Capital Partners LLC now owns 2,885 shares of the exchange traded fund’s stock worth $1,662,000 after buying an additional 1,495 shares during the period. Optimum Investment Advisors raised its position in iShares Semiconductor ETF by 56.3% during the 2nd quarter. Optimum Investment Advisors now owns 361 shares of the exchange traded fund’s stock worth $89,000 after buying an additional 130 shares during the last quarter. LRI Investments LLC purchased a new position in iShares Semiconductor ETF during the 1st quarter worth approximately $33,000. Finally, Atria Investments Inc lifted its stake in iShares Semiconductor ETF by 220.1% during the 1st quarter. Atria Investments Inc now owns 10,509 shares of the exchange traded fund’s stock valued at $2,374,000 after acquiring an additional 7,226 shares during the period.

iShares Semiconductor ETF Price Performance

SOXX stock opened at $220.15 on Wednesday. The firm’s fifty day simple moving average is $227.20 and its 200-day simple moving average is $229.25. iShares Semiconductor ETF has a 12 month low of $144.40 and a 12 month high of $267.24. The company has a market capitalization of $13.87 billion, a P/E ratio of 10.60 and a beta of 1.34.

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).