Fortune Financial Group Inc. Purchases New Position in iShares Semiconductor ETF $SOXX

Fortune Financial Group Inc. purchased a new stake in iShares Semiconductor ETF (NASDAQ:SOXX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,066 shares of the exchange traded fund’s stock, valued at approximately $686,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SOXX. Janney Montgomery Scott LLC grew its position in shares of iShares Semiconductor ETF by 5.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 37,824 shares of the exchange traded fund’s stock worth $11,391,000 after acquiring an additional 2,085 shares during the last quarter. Simplex Trading LLC purchased a new position in shares of iShares Semiconductor ETF during the fourth quarter worth approximately $47,007,000. Strategic Advocates LLC grew its position in shares of iShares Semiconductor ETF by 57.3% during the fourth quarter. Strategic Advocates LLC now owns 206 shares of the exchange traded fund’s stock worth $63,000 after acquiring an additional 75 shares during the last quarter. X Square Capital LLC grew its position in shares of iShares Semiconductor ETF by 2.9% during the fourth quarter. X Square Capital LLC now owns 1,778 shares of the exchange traded fund’s stock worth $536,000 after acquiring an additional 50 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC purchased a new position in shares of iShares Semiconductor ETF during the fourth quarter worth approximately $32,000.

iShares Semiconductor ETF Trading Down 3.7%

Shares of SOXX opened at $541.51 on Thursday. The firm has a market cap of $35.09 billion, a PE ratio of 31.84 and a beta of 1.80. The company’s 50 day simple moving average is $475.00 and its 200-day simple moving average is $379.91. iShares Semiconductor ETF has a 12-month low of $220.30 and a 12-month high of $618.84.

iShares Semiconductor ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a dividend of $0.2079 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 0.2%.

iShares Semiconductor ETF Company 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). The Index is an equity benchmark for the United States-listed semiconductor stocks. The Index includes companies primarily involved in the design, distribution, manufacture and sale of semiconductors.