Pines Wealth Management LLC Makes New Investment in iShares Semiconductor ETF (NASDAQ:SOXX)

Pines Wealth Management LLC acquired a new position in iShares Semiconductor ETF (NASDAQ:SOXX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,160 shares of the exchange traded fund’s stock, valued at approximately $471,000.

Other institutional investors have also recently modified their holdings of the company. Global Trust Asset Management LLC bought a new stake in iShares Semiconductor ETF in the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its stake in shares of iShares Semiconductor ETF by 84.0% during the second quarter. EverSource Wealth Advisors LLC now owns 138 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 63 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in shares of iShares Semiconductor ETF in the 3rd quarter worth approximately $33,000. Truvestments Capital LLC purchased a new stake in shares of iShares Semiconductor ETF in the 3rd quarter valued at $35,000. Finally, Hollencrest Capital Management grew its holdings in shares of iShares Semiconductor ETF by 56.1% during the 3rd quarter. Hollencrest Capital Management now owns 167 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 60 shares during the last quarter.

iShares Semiconductor ETF Stock Up 0.7 %

Shares of NASDAQ:SOXX opened at $218.96 on Wednesday. The company’s fifty day moving average is $219.64 and its 200 day moving average is $226.14. iShares Semiconductor ETF has a 52 week low of $183.54 and a 52 week high of $267.24. The stock has a market cap of $14.22 billion, a PE ratio of 10.60 and a beta of 1.34.

iShares Semiconductor ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $0.3578 dividend. The ex-dividend date was Tuesday, December 17th.

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).