17 Capital Partners Expands Stake in iShares Semiconductor ETF

17 Capital Partners LLC has significantly increased its investment in the iShares Semiconductor ETF (NASDAQ: SOXX) by 21.1% during the second quarter of 2023. This move was disclosed in a recent Form 13F filing with the Securities and Exchange Commission (SEC). Following this acquisition, the institutional investor now holds 1,863 shares of the exchange-traded fund, valued at approximately $445,000.

Several other large investors have also adjusted their positions in the iShares Semiconductor ETF. Notably, GFG Capital LLC entered a new position valued at $32,000 during the same quarter. Meanwhile, Crews Bank & Trust boosted its stake by an impressive 1,666.7%, bringing its total ownership to 159 shares, valued at around $38,000. Additionally, Hopwood Financial Services Inc. increased its holdings by 50.0% in the first quarter, resulting in ownership of 210 shares, worth $40,000.

Further investment activities include Compagnie Lombard Odier SCmA, which acquired a new stake valued at approximately $59,000, and Huntington National Bank, which remarkably raised its holdings by 38,200.0% to now own 383 shares, valued at $91,000.

Market Performance and Dividend Increase

As of Thursday, shares of the iShares Semiconductor ETF opened at $281.61. The ETF has seen a 52-week low of $148.31 and a 52-week high of $312.79. With a market capitalization of $15.05 billion, the fund has a P/E ratio of 31.84 and a beta of 1.51. Its 50-day moving average stands at $283.99, while the 200-day moving average is at $250.17.

In addition to the increased investments, the iShares Semiconductor ETF has also announced a quarterly dividend. As disclosed, a dividend of $0.5407 per share was paid on September 19, 2023, to stockholders of record as of September 16, 2023. This dividend marks an increase from the previous quarterly dividend of $0.48, resulting in an annualized dividend of $2.16 and a dividend yield of 0.8%.

Understanding the iShares Semiconductor ETF

The iShares PHLX Semiconductor ETF, formerly known as the iShares PHLX SOX Semiconductor Sector Index Fund, aims to replicate the performance of the PHLX Semiconductor Sector Index. This exchange-traded fund allows investors to gain exposure to US-listed semiconductor stocks, reflecting the industry’s price and yield performance, before fees and expenses.

Investors looking to stay updated on the latest movements among hedge funds and institutional investors in the iShares Semiconductor ETF can refer to platforms such as HoldingsChannel.com for current 13F filings and insider trades.