Root Financial Partners LLC Acquires 1,589 Shares of iShares Semiconductor ETF $SOXX

Root Financial Partners LLC lifted its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 55.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,475 shares of the exchange traded fund’s stock after buying an additional 1,589 shares during the period. Root Financial Partners LLC’s holdings in iShares Semiconductor ETF were worth $1,471,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of SOXX. Fulton Bank N.A. grew its position in iShares Semiconductor ETF by 0.6% in the first quarter. Fulton Bank N.A. now owns 28,252 shares of the exchange traded fund’s stock valued at $9,285,000 after acquiring an additional 168 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of iShares Semiconductor ETF by 1.6% in the first quarter. Pathway Financial Advisers LLC now owns 2,135 shares of the exchange traded fund’s stock worth $702,000 after acquiring an additional 33 shares during the last quarter. Spinnaker Trust lifted its holdings in shares of iShares Semiconductor ETF by 1.1% in the first quarter. Spinnaker Trust now owns 27,903 shares of the exchange traded fund’s stock worth $9,171,000 after acquiring an additional 317 shares during the last quarter. Bigelow Investment Advisors LLC acquired a new stake in shares of iShares Semiconductor ETF in the 1st quarter valued at approximately $257,000. Finally, Continuum Advisory LLC boosted its stake in shares of iShares Semiconductor ETF by 1.7% in the 1st quarter. Continuum Advisory LLC now owns 5,234 shares of the exchange traded fund’s stock valued at $1,720,000 after purchasing an additional 89 shares in the last quarter.

iShares Semiconductor ETF Trading Down 6.4%

Shares of iShares Semiconductor ETF stock opened at $599.70 on Thursday. The firm has a market capitalization of $44.53 billion, a PE ratio of 31.84 and a beta of 1.77. The firm’s 50 day moving average is $547.04 and its 200 day moving average is $413.11. iShares Semiconductor ETF has a 1 year low of $232.33 and a 1 year high of $655.95.

iShares Semiconductor ETF Increases Dividend

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

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.