Independent Wealth Network Inc. Has $720,000 Position in iShares Semiconductor ETF (NASDAQ:SOXX)

Independent Wealth Network Inc. lessened its position in iShares Semiconductor ETF (NASDAQ:SOXX) by 14.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,829 shares of the exchange traded fund’s stock after selling 666 shares during the quarter. Independent Wealth Network Inc.’s holdings in iShares Semiconductor ETF were worth $720,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thrivent Financial for Lutherans grew its stake in iShares Semiconductor ETF by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 28,187 shares of the exchange traded fund’s stock valued at $6,129,000 after purchasing an additional 1,634 shares in the last quarter. Condor Capital Management grew its stake in iShares Semiconductor ETF by 0.9% in the fourth quarter. Condor Capital Management now owns 9,687 shares of the exchange traded fund’s stock valued at $2,088,000 after purchasing an additional 86 shares in the last quarter. HUB Investment Partners LLC bought a new position in iShares Semiconductor ETF in the fourth quarter valued at approximately $232,000. Absolute Capital Management LLC grew its stake in iShares Semiconductor ETF by 14.0% in the fourth quarter. Absolute Capital Management LLC now owns 26,850 shares of the exchange traded fund’s stock valued at $5,786,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. grew its stake in iShares Semiconductor ETF by 1.7% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 32,616 shares of the exchange traded fund’s stock valued at $7,028,000 after purchasing an additional 557 shares in the last quarter.

iShares Semiconductor ETF Stock Up 0.4%

SOXX stock opened at $246.53 on Friday. The business has a 50 day moving average price of $224.78 and a two-hundred day moving average price of $210.00. The company has a market cap of $13.98 billion, a price-to-earnings ratio of 31.84 and a beta of 1.34. iShares Semiconductor ETF has a twelve month low of $148.31 and a twelve month high of $249.96.

iShares Semiconductor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were paid a dividend of $0.4833 per share. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.31. This represents a $1.93 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Monday, June 16th.

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).