GK Wealth Management LLC Invests $640,000 in iShares Semiconductor ETF $SOXX

GK Wealth Management LLC acquired a new position in iShares Semiconductor ETF (NASDAQ:SOXX) during the second quarter, HoldingsChannel.com reports. The fund acquired 999 shares of the exchange traded fund’s stock, valued at approximately $640,000.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in iShares Semiconductor ETF by 47.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,904,638 shares of the exchange traded fund’s stock valued at $874,732,000 after purchasing an additional 941,363 shares during the period. Oasis Management Co Ltd. lifted its position in shares of iShares Semiconductor ETF by 100.4% in the 4th quarter. Oasis Management Co Ltd. now owns 3,100 shares of the exchange traded fund’s stock worth $934,000 after purchasing an additional 804,400 shares during the period. Morgan Stanley boosted its stake in shares of iShares Semiconductor ETF by 30.0% in the 4th quarter. Morgan Stanley now owns 2,368,608 shares of the exchange traded fund’s stock valued at $713,307,000 after purchasing an additional 547,109 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of iShares Semiconductor ETF by 20.9% in the 1st quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock valued at $1,023,867,000 after purchasing an additional 538,125 shares during the last quarter. Finally, Bank of Nova Scotia increased its position in shares of iShares Semiconductor ETF by 5,159.3% during the fourth quarter. Bank of Nova Scotia now owns 451,617 shares of the exchange traded fund’s stock worth $136,005,000 after buying an additional 443,030 shares during the period.

iShares Semiconductor ETF Stock Up 6.8%

SOXX opened at $542.21 on Wednesday. iShares Semiconductor ETF has a twelve month low of $233.67 and a twelve month high of $655.95. The company has a fifty day moving average of $569.05 and a 200-day moving average of $452.01. The stock has a market cap of $48.61 billion, a PE ratio of 31.84 and a beta of 1.80.

iShares Semiconductor ETF Increases Dividend

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

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.