Ground Swell Capital LLC Invests $1.07 Million in iShares Semiconductor ETF $SOXX

Ground Swell Capital LLC purchased a new stake in iShares Semiconductor ETF (NASDAQ:SOXX) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,261 shares of the exchange traded fund’s stock, valued at approximately $1,072,000. iShares Semiconductor ETF makes up 2.1% of Ground Swell Capital LLC’s investment portfolio, making the stock its 6th largest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Laurel Oak Wealth Management LLC boosted its stake in iShares Semiconductor ETF by 0.3% during 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. Citizens Financial Group Inc. RI increased its stake in shares of 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 worth $486,000 after acquiring an additional 31 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in shares of iShares Semiconductor ETF by 2.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,312 shares of the exchange traded fund’s stock worth $395,000 after acquiring an additional 34 shares during the last quarter. Rinkey Investments raised its holdings in shares of iShares Semiconductor ETF by 2.3% during the 4th quarter. Rinkey Investments now owns 1,571 shares of the exchange traded fund’s stock worth $473,000 after acquiring an additional 36 shares during the period. Finally, First Heartland Consultants Inc. raised its holdings in shares of iShares Semiconductor ETF by 1.1% during the 4th quarter. First Heartland Consultants Inc. now owns 3,295 shares of the exchange traded fund’s stock worth $992,000 after acquiring an additional 37 shares during the period.

iShares Semiconductor ETF Trading Down 5.6%

Shares of SOXX stock opened at $589.94 on Friday. The company’s 50-day moving average price is $534.73 and its 200-day moving average price is $406.03. The stock has a market cap of $38.23 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a twelve month low of $232.33 and a twelve month high of $655.95.

iShares Semiconductor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $0.2827 per share. The ex-dividend date was Monday, June 15th. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. This represents a $1.13 annualized dividend and a 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.