Ground Swell Capital LLC Acquires New Shares in iShares Semiconductor ETF $SOXX

Ground Swell Capital LLC acquired a new position in iShares Semiconductor ETF (NASDAQ:SOXX) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,261 shares of the exchange traded fund’s stock, valued at approximately $1,072,000. iShares Semiconductor ETF accounts for 2.1% of Ground Swell Capital LLC’s portfolio, making the stock its 6th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Laurel Oak Wealth Management LLC increased its stake in iShares Semiconductor ETF by 0.3% during the first quarter. Laurel Oak Wealth Management LLC now owns 10,226 shares of the exchange traded fund’s stock worth $3,361,000 after acquiring an additional 26 shares during the last quarter. Independent Wealth Network Inc. lifted its stake in shares of iShares Semiconductor ETF by 19.3% in the 1st quarter. Independent Wealth Network Inc. now owns 5,470 shares of the exchange traded fund’s stock valued at $1,798,000 after purchasing an additional 886 shares during the last quarter. Fairvoy Private Wealth LLC acquired a new position in shares of iShares Semiconductor ETF in the 1st quarter valued at $1,600,000. Silver Oak Securities Incorporated grew its holdings in shares of iShares Semiconductor ETF by 20.2% during the 1st quarter. Silver Oak Securities Incorporated now owns 3,510 shares of the exchange traded fund’s stock worth $1,154,000 after purchasing an additional 589 shares during the period. Finally, MinichMacGregor Wealth Management LLC purchased a new position in shares of iShares Semiconductor ETF during the 1st quarter worth $19,753,000.

iShares Semiconductor ETF Trading Down 5.6%

Shares of NASDAQ:SOXX opened at $589.94 on Friday. The business has a 50-day moving average price of $534.73 and a 200 day moving average price of $406.03. The company has a market capitalization of $38.23 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a 12-month low of $232.33 and a 12-month high of $655.95.

iShares Semiconductor ETF Increases Dividend

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