Miracle Mile Advisors LLC Raises Stock Position in iShares Semiconductor ETF (NASDAQ:SOXX)

Miracle Mile Advisors LLC lifted its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 192.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,957 shares of the exchange traded fund’s stock after acquiring an additional 6,549 shares during the quarter. Miracle Mile Advisors LLC’s holdings in iShares Semiconductor ETF were worth $2,249,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in shares of iShares Semiconductor ETF during the fourth quarter worth approximately $419,921,000. Morgan Stanley increased its holdings in iShares Semiconductor ETF by 1.9% during the third quarter. Morgan Stanley now owns 571,506 shares of the exchange traded fund’s stock valued at $270,695,000 after buying an additional 10,601 shares during the period. JPMorgan Chase & Co. increased its holdings in iShares Semiconductor ETF by 7.8% during the third quarter. JPMorgan Chase & Co. now owns 542,796 shares of the exchange traded fund’s stock valued at $257,095,000 after buying an additional 39,053 shares during the period. Global Assets Advisory LLC purchased a new position in iShares Semiconductor ETF during the first quarter valued at approximately $107,385,000. Finally, BNP Paribas Financial Markets increased its holdings in iShares Semiconductor ETF by 46.9% during the fourth quarter. BNP Paribas Financial Markets now owns 313,094 shares of the exchange traded fund’s stock valued at $180,373,000 after buying an additional 99,970 shares during the period.

iShares Semiconductor ETF Stock Down 0.0 %

Shares of SOXX stock opened at $246.62 on Tuesday. The firm has a market cap of $14.27 billion, a price-to-earnings ratio of 10.60 and a beta of 1.34. The company’s 50 day moving average is $233.68 and its 200 day moving average is $216.57. iShares Semiconductor ETF has a 52-week low of $144.40 and a 52-week high of $260.65.

iShares Semiconductor ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were issued a dividend of $0.3103 per share. This represents a $1.24 annualized dividend and a yield of 0.50%. The ex-dividend date was Tuesday, June 11th.

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).