Sunbelt Securities Inc. Purchases 2,356 Shares of iShares Semiconductor ETF $SOXX

Sunbelt Securities Inc. raised its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 44.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,705 shares of the exchange traded fund’s stock after acquiring an additional 2,356 shares during the period. Sunbelt Securities Inc.’s holdings in iShares Semiconductor ETF were worth $2,532,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Greenberg Financial Group bought a new stake in shares of iShares Semiconductor ETF during the fourth quarter worth $843,000. Centerpoint Advisory Group bought a new position in shares of iShares Semiconductor ETF in the first quarter valued at about $474,000. Eagle Strategies LLC bought a new position in shares of iShares Semiconductor ETF in the fourth quarter valued at about $526,000. Welch Financial Planning LLC bought a new position in shares of iShares Semiconductor ETF in the fourth quarter valued at about $494,000. Finally, Madrid Wealth Management LLC acquired a new position in iShares Semiconductor ETF during the 4th quarter worth about $493,000.

iShares Semiconductor ETF Stock Down 4.8%

Shares of NASDAQ:SOXX opened at $491.46 on Wednesday. iShares Semiconductor ETF has a 12 month low of $232.33 and a 12 month high of $655.95. The company’s 50-day moving average price is $572.36 and its two-hundred day moving average price is $445.81. The firm has a market cap of $40.67 billion, a P/E ratio of 31.84 and a beta of 1.77.

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 $0.2827 dividend. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. This represents a $1.13 dividend on an annualized basis and a dividend yield of 0.2%. 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.