Pinnacle Wealth Management Advisory Group LLC Has $1.07 Million Stock Position in iShares Semiconductor ETF $SOXX

Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 116.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,545 shares of the exchange traded fund’s stock after purchasing an additional 1,909 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in iShares Semiconductor ETF were worth $1,067,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SOXX. Barnes Dennig Private Wealth Management LLC acquired a new stake in iShares Semiconductor ETF during the third quarter worth approximately $25,000. Financial Consulate Inc. acquired a new stake in iShares Semiconductor ETF in the third quarter valued at approximately $34,000. Strategic Advocates LLC acquired a new stake in iShares Semiconductor ETF in the third quarter valued at approximately $35,000. Wellington Shields & Co. LLC acquired a new stake in iShares Semiconductor ETF in the third quarter valued at approximately $41,000. Finally, Optima Capital LLC acquired a new stake in iShares Semiconductor ETF in the fourth quarter valued at approximately $41,000.

iShares Semiconductor ETF Stock Performance

Shares of iShares Semiconductor ETF stock opened at $462.06 on Tuesday. iShares Semiconductor ETF has a 52 week low of $184.27 and a 52 week high of $469.61. The stock has a 50 day moving average price of $367.36 and a two-hundred day moving average price of $333.13. The stock has a market capitalization of $29.94 billion, a PE ratio of 31.84 and a beta of 1.75.

iShares Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a $0.2079 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 17th.

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). 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.