Ballast Financial Advisors LLC Acquires New Stake in iShares Semiconductor ETF $SOXX

Ballast Financial Advisors LLC acquired a new stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,467 shares of the exchange traded fund’s stock, valued at approximately $442,000.

A number of other hedge funds have also made changes to their positions in the stock. Citizens Financial Group Inc. RI increased its stake in shares of iShares Semiconductor ETF by 2.0% during 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 period. Rinkey Investments increased its stake in shares of iShares Semiconductor ETF by 2.3% during the fourth quarter. Rinkey Investments now owns 1,571 shares of the exchange traded fund’s stock valued at $473,000 after acquiring an additional 36 shares during the period. First Heartland Consultants Inc. increased its stake in shares of iShares Semiconductor ETF by 1.1% during the fourth quarter. First Heartland Consultants Inc. now owns 3,295 shares of the exchange traded fund’s stock valued at $992,000 after acquiring an additional 37 shares during the period. Madison Wealth Partners Inc increased its stake in shares of iShares Semiconductor ETF by 1.7% during the fourth quarter. Madison Wealth Partners Inc now owns 2,206 shares of the exchange traded fund’s stock valued at $664,000 after acquiring an additional 37 shares during the period. Finally, Secure Asset Management LLC increased its stake in shares of iShares Semiconductor ETF by 4.6% during the fourth quarter. Secure Asset Management LLC now owns 871 shares of the exchange traded fund’s stock valued at $262,000 after acquiring an additional 38 shares during the period.

iShares Semiconductor ETF Price Performance

NASDAQ SOXX opened at $599.73 on Thursday. iShares Semiconductor ETF has a 12 month low of $221.86 and a 12 month high of $629.72. The firm has a market capitalization of $38.86 billion, a PE ratio of 31.84 and a beta of 1.80. The company’s 50 day simple moving average is $501.24 and its 200 day simple moving average is $391.06.

iShares Semiconductor ETF Increases Dividend

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

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.