Howard Financial Services LTD. Makes New Investment in iShares Semiconductor ETF $SOXX

Howard Financial Services LTD. bought a new position in iShares Semiconductor ETF (NASDAQ:SOXX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,372 shares of the exchange traded fund’s stock, valued at approximately $879,000.

Several other hedge funds also recently made changes to their positions in the company. IAG Wealth Partners LLC increased its holdings in shares of iShares Semiconductor ETF by 5.7% in the 1st quarter. IAG Wealth Partners LLC now owns 462 shares of the exchange traded fund’s stock valued at $152,000 after acquiring an additional 25 shares during the last quarter. Laurel Oak Wealth Management LLC lifted 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 purchasing an additional 26 shares during the last quarter. Lodestar Private Asset Management LLC boosted its holdings in iShares Semiconductor ETF by 1.3% in the first quarter. Lodestar Private Asset Management LLC now owns 2,006 shares of the exchange traded fund’s stock worth $659,000 after purchasing an additional 26 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in iShares Semiconductor ETF by 2.0% in the fourth quarter. Citizens Financial Group Inc. RI now owns 1,615 shares of the exchange traded fund’s stock worth $486,000 after purchasing an additional 31 shares during the period. Finally, Gould Capital LLC increased its stake in iShares Semiconductor ETF by 39.2% during the first quarter. Gould Capital LLC now owns 110 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 31 shares during the last quarter.

iShares Semiconductor ETF Price Performance

SOXX stock opened at $542.21 on Wednesday. The firm has a market cap of $48.61 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a 1-year low of $233.67 and a 1-year high of $655.95. The firm has a fifty day moving average price of $569.05 and a two-hundred day moving average price of $452.01.

iShares Semiconductor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $0.2827 dividend. 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. 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.