TRUE Private Wealth Advisors Takes $2.78 Million Position in iShares Semiconductor ETF $SOXX

TRUE Private Wealth Advisors acquired a new stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,662 shares of the exchange traded fund’s stock, valued at approximately $2,784,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group grew its position in iShares Semiconductor ETF by 2.4% in the 2nd quarter. Rehmann Capital Advisory Group now owns 1,801 shares of the exchange traded fund’s stock worth $430,000 after purchasing an additional 42 shares during the period. Condor Capital Management grew its holdings in shares of iShares Semiconductor ETF by 0.4% in the second quarter. Condor Capital Management now owns 9,876 shares of the exchange traded fund’s stock worth $2,357,000 after acquiring an additional 43 shares during the period. CWM LLC grew its holdings in shares of iShares Semiconductor ETF by 1.0% in the second quarter. CWM LLC now owns 4,846 shares of the exchange traded fund’s stock worth $1,157,000 after acquiring an additional 49 shares during the period. First Horizon Advisors Inc. increased its position in iShares Semiconductor ETF by 1.3% during the second quarter. First Horizon Advisors Inc. now owns 3,684 shares of the exchange traded fund’s stock valued at $880,000 after acquiring an additional 49 shares during the last quarter. Finally, RB Capital Management LLC lifted its holdings in iShares Semiconductor ETF by 2.7% in the second quarter. RB Capital Management LLC now owns 2,033 shares of the exchange traded fund’s stock valued at $485,000 after acquiring an additional 53 shares during the period.

iShares Semiconductor ETF Stock Performance

Shares of NASDAQ:SOXX opened at $277.94 on Wednesday. The stock’s 50-day simple moving average is $283.43 and its two-hundred day simple moving average is $249.53. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51. iShares Semiconductor ETF has a 52-week low of $148.31 and a 52-week high of $312.79.

iShares Semiconductor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were given a dividend of $0.5407 per share. This represents a $2.16 annualized dividend and a yield of 0.8%. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, September 16th.

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).