PTM Wealth Management LLC Invests $294,000 in iShares Semiconductor ETF (NASDAQ:SOXX)

PTM Wealth Management LLC purchased a new position in iShares Semiconductor ETF (NASDAQ:SOXX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,563 shares of the exchange traded fund’s stock, valued at approximately $294,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SOXX. Savvy Advisors Inc. raised its stake in iShares Semiconductor ETF by 1.1% in the fourth quarter. Savvy Advisors Inc. now owns 4,261 shares of the exchange traded fund’s stock valued at $918,000 after purchasing an additional 46 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in iShares Semiconductor ETF by 1.7% in the 4th quarter. First Heartland Consultants Inc. now owns 3,248 shares of the exchange traded fund’s stock worth $700,000 after purchasing an additional 55 shares in the last quarter. Money Concepts Capital Corp boosted its stake in iShares Semiconductor ETF by 0.5% in the 1st quarter. Money Concepts Capital Corp now owns 11,090 shares of the exchange traded fund’s stock worth $2,087,000 after purchasing an additional 58 shares in the last quarter. Physician Wealth Advisors Inc. boosted its stake in iShares Semiconductor ETF by 5.8% in the 4th quarter. Physician Wealth Advisors Inc. now owns 1,078 shares of the exchange traded fund’s stock worth $232,000 after purchasing an additional 59 shares in the last quarter. Finally, AE Wealth Management LLC boosted its stake in iShares Semiconductor ETF by 1.5% in the 1st quarter. AE Wealth Management LLC now owns 4,312 shares of the exchange traded fund’s stock worth $811,000 after purchasing an additional 62 shares in the last quarter.

iShares Semiconductor ETF Price Performance

Shares of iShares Semiconductor ETF stock opened at $241.54 on Monday. The stock has a market cap of $13.63 billion, a price-to-earnings ratio of 31.84 and a beta of 1.34. The firm’s 50-day moving average is $228.88 and its 200 day moving average is $210.81. iShares Semiconductor ETF has a 1 year low of $148.31 and a 1 year high of $250.19.

iShares Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 16th were paid a dividend of $0.4833 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.93 annualized dividend and a yield of 0.80%. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.31.

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).