Novare Capital Management LLC Purchases 24,285 Shares of iShares Semiconductor ETF $SOXX

Novare Capital Management LLC raised its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 254.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,812 shares of the exchange traded fund’s stock after buying an additional 24,285 shares during the quarter. Novare Capital Management LLC’s holdings in iShares Semiconductor ETF were worth $11,113,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. BOKF NA bought a new position in shares of iShares Semiconductor ETF in the 4th quarter worth about $30,000. Commonwealth Retirement Investments LLC purchased a new position in iShares Semiconductor ETF during the 4th quarter valued at about $32,000. Wealth Watch Advisors INC boosted its stake in iShares Semiconductor ETF by 278.6% during the fourth quarter. Wealth Watch Advisors INC now owns 106 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 78 shares in the last quarter. SHP Wealth Management bought a new stake in iShares Semiconductor ETF during the fourth quarter worth about $38,000. Finally, Strategic Advocates LLC bought a new stake in iShares Semiconductor ETF during the third quarter worth about $35,000.

iShares Semiconductor ETF Stock Performance

Shares of NASDAQ SOXX opened at $655.01 on Tuesday. iShares Semiconductor ETF has a fifty-two week low of $221.86 and a fifty-two week high of $655.95. The company has a 50 day simple moving average of $517.99 and a two-hundred day simple moving average of $398.36. The company has a market capitalization of $42.44 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80.

iShares Semiconductor ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $0.2827 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.21.

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.