Independent Financial Group LLC Buys Shares of 17,638 iShares Semiconductor ETF $SOXX

Independent Financial Group LLC purchased a new position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 17,638 shares of the exchange traded fund’s stock, valued at approximately $5,797,000.

Several other hedge funds also recently modified their holdings of the company. BOKF NA purchased a new stake in shares of iShares Semiconductor ETF during the fourth quarter worth about $30,000. Commonwealth Retirement Investments LLC purchased a new position in shares of iShares Semiconductor ETF during the fourth quarter valued at approximately $32,000. Wealth Watch Advisors INC lifted its stake in shares of 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 valued at $32,000 after buying an additional 78 shares during the period. Strategic Advocates LLC acquired a new stake in iShares Semiconductor ETF during the third quarter worth approximately $35,000. Finally, SHP Wealth Management acquired a new stake in iShares Semiconductor ETF during the fourth quarter worth approximately $38,000.

iShares Semiconductor ETF Stock Performance

SOXX stock opened at $530.50 on Friday. The stock has a market capitalization of $43.45 billion, a P/E ratio of 31.84 and a beta of 1.77. iShares Semiconductor ETF has a one year low of $232.33 and a one year high of $655.95. The company has a 50 day moving average price of $570.15 and a two-hundred day moving average price of $433.54.

iShares Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a dividend of $0.2827 per share. This represents a $1.13 annualized dividend and a dividend yield of 0.2%. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 15th.

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.