Diversify Wealth Management LLC Makes New $5.29 Million Investment in iShares Semiconductor ETF $SOXX

Diversify Wealth Management LLC purchased a new stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,089 shares of the exchange traded fund’s stock, valued at approximately $5,288,000.

Several other institutional investors and hedge funds have also modified their holdings of SOXX. IAG Wealth Partners LLC boosted its position in iShares Semiconductor ETF by 5.7% during the first quarter. IAG Wealth Partners LLC now owns 462 shares of the exchange traded fund’s stock valued at $152,000 after purchasing an additional 25 shares during the last quarter. Laurel Oak Wealth Management LLC increased its holdings in iShares Semiconductor ETF by 0.3% in the first quarter. Laurel Oak Wealth Management LLC now owns 10,226 shares of the exchange traded fund’s stock worth $3,361,000 after buying an additional 26 shares during the last quarter. Lodestar Private Asset Management LLC raised its position in iShares Semiconductor ETF by 1.3% during the first 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 lifted its stake in iShares Semiconductor ETF by 2.0% in the fourth 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 during the last quarter. Finally, Pathway Financial Advisers LLC grew its position in iShares Semiconductor ETF by 1.6% in the first quarter. Pathway Financial Advisers LLC now owns 2,135 shares of the exchange traded fund’s stock worth $702,000 after acquiring an additional 33 shares in the last quarter.

iShares Semiconductor ETF Price Performance

Shares of SOXX opened at $581.34 on Monday. The firm has a market cap of $48.80 billion, a price-to-earnings ratio of 31.84 and a beta of 1.77. The company’s fifty day moving average is $564.87 and its 200-day moving average is $426.61. iShares Semiconductor ETF has a 12 month low of $232.33 and a 12 month high of $655.95.

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 given a dividend of $0.2827 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. This represents a $1.13 annualized dividend and a yield of 0.2%.

About iShares Semiconductor ETF

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.