Sweeney & Michel LLC Purchases New Stake in iShares Semiconductor ETF (NASDAQ:SOXX)

Sweeney & Michel LLC purchased a new stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,375 shares of the exchange traded fund’s stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SOXX. Raymond James & Associates increased its position in iShares Semiconductor ETF by 9.7% during the 4th quarter. Raymond James & Associates now owns 31,264 shares of the exchange traded fund’s stock valued at $18,011,000 after purchasing an additional 2,756 shares during the period. Ritholtz Wealth Management purchased a new stake in shares of iShares Semiconductor ETF in the 4th quarter worth about $271,000. Caprock Group LLC grew its position in shares of iShares Semiconductor ETF by 15.0% in the 4th quarter. Caprock Group LLC now owns 612 shares of the exchange traded fund’s stock worth $353,000 after buying an additional 80 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in shares of iShares Semiconductor ETF by 25.6% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 732 shares of the exchange traded fund’s stock worth $422,000 after buying an additional 149 shares during the period. Finally, Bank Hapoalim BM grew its position in shares of iShares Semiconductor ETF by 4.9% in the 4th quarter. Bank Hapoalim BM now owns 19,513 shares of the exchange traded fund’s stock worth $11,241,000 after buying an additional 915 shares during the period.

iShares Semiconductor ETF Stock Down 3.6 %

Shares of NASDAQ:SOXX traded down $8.31 during midday trading on Tuesday, reaching $220.58. The company’s stock had a trading volume of 7,925,581 shares, compared to its average volume of 3,722,491. The firm has a 50 day moving average of $245.19 and a 200-day moving average of $225.28. The firm has a market capitalization of $13.93 billion, a P/E ratio of 10.60 and a beta of 1.34. iShares Semiconductor ETF has a 12-month low of $144.40 and a 12-month high of $267.24.

iShares Semiconductor ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were given a dividend of $0.3103 per share. This represents a $1.24 annualized dividend and a yield of 0.56%. The ex-dividend date was Tuesday, June 11th.

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).