Moran Wealth Management LLC Buys Shares of 5,420 iShares Semiconductor ETF $SOXX

Moran Wealth Management LLC purchased a new position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,420 shares of the exchange traded fund’s stock, valued at approximately $1,781,000.

Several other hedge funds and other institutional investors have also modified their holdings of SOXX. Laurel Oak Wealth Management LLC raised its holdings in shares of iShares Semiconductor ETF by 0.3% in the 1st quarter. Laurel Oak Wealth Management LLC now owns 10,226 shares of the exchange traded fund’s stock valued at $3,361,000 after buying an additional 26 shares during the period. Lodestar Private Asset Management LLC grew its position in iShares Semiconductor ETF by 1.3% in the 1st quarter. Lodestar Private Asset Management LLC now owns 2,006 shares of the exchange traded fund’s stock valued at $659,000 after acquiring an additional 26 shares in the last quarter. Citizens Financial Group Inc. RI grew its position in iShares Semiconductor ETF by 2.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 1,615 shares of the exchange traded fund’s stock valued at $486,000 after acquiring an additional 31 shares in the last quarter. Pathway Financial Advisers LLC increased its stake in iShares Semiconductor ETF by 1.6% during the first quarter. Pathway Financial Advisers LLC now owns 2,135 shares of the exchange traded fund’s stock worth $702,000 after purchasing an additional 33 shares during the period. Finally, Rehmann Capital Advisory Group increased its stake in iShares Semiconductor ETF by 2.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,312 shares of the exchange traded fund’s stock worth $395,000 after purchasing an additional 34 shares during the period.

iShares Semiconductor ETF Stock Performance

Shares of SOXX opened at $566.32 on Monday. The company’s 50-day simple moving average is $552.64 and its 200-day simple moving average is $416.88. iShares Semiconductor ETF has a 1 year low of $232.33 and a 1 year high of $655.95. The stock has a market capitalization of $40.55 billion, a PE ratio of 31.84 and a beta of 1.77.

iShares Semiconductor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a dividend of $0.2827 per share. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 15th. This represents a $1.13 dividend on an annualized basis and a yield of 0.2%.

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). 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.