MinichMacGregor Wealth Management LLC Makes New Investment in iShares Semiconductor ETF $SOXX

MinichMacGregor Wealth Management LLC purchased a new stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 59,899 shares of the exchange traded fund’s stock, valued at approximately $19,753,000. iShares Semiconductor ETF comprises 3.5% of MinichMacGregor Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. MinichMacGregor Wealth Management LLC owned 0.09% of iShares Semiconductor ETF at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BOKF NA acquired a new position in shares of iShares Semiconductor ETF in the fourth quarter valued at about $30,000. Commonwealth Retirement Investments LLC purchased a new stake in iShares Semiconductor ETF in the fourth quarter valued at approximately $32,000. Wealth Watch Advisors INC boosted its position in iShares Semiconductor ETF by 278.6% in the fourth quarter. Wealth Watch Advisors INC now owns 106 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 78 shares during the last quarter. Strategic Advocates LLC acquired a new position in iShares Semiconductor ETF in the 3rd quarter worth approximately $35,000. Finally, SHP Wealth Management acquired a new position in iShares Semiconductor ETF in the 4th quarter worth approximately $38,000.

iShares Semiconductor ETF Trading Down 0.3%

SOXX opened at $601.50 on Thursday. iShares Semiconductor ETF has a 12-month low of $232.33 and a 12-month high of $655.95. The firm has a market capitalization of $38.98 billion, a PE ratio of 31.84 and a beta of 1.80. The firm has a 50 day moving average of $526.48 and a two-hundred day moving average of $402.51.

iShares Semiconductor ETF Increases Dividend

The firm also recently disclosed 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 an increase 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%.

About iShares Semiconductor ETF

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.