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DAVENPORT & Co LLC Acquires Stake in iShares Semiconductor ETF

DAVENPORT & Co LLC recently acquired a new stake in iShares Semiconductor ETF (NASDAQ:SOXX) in the first quarter, according to its most recent filing with the SEC. The firm acquired 734 shares of the exchange-traded fund’s stock, with a value of approximately $326,000.

Other hedge funds have also bought and sold shares of iShares Semiconductor ETF. GPS Wealth Strategies Group LLC purchased a new position in the ETF in the first quarter, valued at around $25,000. Householder Group Estate & Retirement Specialist LLC also acquired a new position in the ETF, worth approximately $31,000 in the same quarter.

Tsfg LLC saw its stake in the iShares Semiconductor ETF grow by 61.2% in the fourth quarter. Currently, Tsfg LLC owns 79 shares of the stock, valued at $28,000, after purchasing an additional 30 shares.

Additionally, Accurate Wealth Management LLC bought a new position in the ETF in the fourth quarter, worth about $34,000. Finally, Ancora Advisors LLC increased its position in iShares Semiconductor ETF by 136.6% during the fourth quarter. Ancora Advisors LLC now holds 97 shares of the stock, valued at $33,000, after purchasing an additional 56 shares.

The iShares Semiconductor ETF opened at $506.10 on Friday. It has a fifty-day moving average price of $488.79 and a 200-day moving average price of $444.65. The firm has a market capitalization of $8.48 billion, a P/E ratio of 17.05, and a beta of 1.34. iShares Semiconductor ETF has a one-year low of $287.82 and a one-year high of $533.26.

The company recently declared a quarterly dividend, paid on Tuesday, June 13th. Stockholders of record on Thursday, June 8th were given a dividend of $0.6507 per share. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $2.60 dividend on an annualized basis, with a dividend yield of 0.51%.

iShares Semiconductor ETF, formerly known as iShares PHLX SOX Semiconductor Sector Index Fund, is an exchange-traded fund that seeks to correspond to the performance of the PHLX Semiconductor Sector Index. This index represents the price and yield performance of semiconductor stocks listed in the United States.

Please note that this article has been rewritten and certain details may have been omitted.

The post DAVENPORT & Co LLC Acquires Stake in iShares Semiconductor ETF appeared first on TS2 SPACE.



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DAVENPORT & Co LLC Acquires Stake in iShares Semiconductor ETF

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