WealthBridge Capital Management LLC Invests $306,000 in iShares Semiconductor ETF (NASDAQ:SOXX)

WealthBridge Capital Management LLC acquired a new position in iShares Semiconductor ETF (NASDAQ:SOXX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,419 shares of the exchange traded fund’s stock, valued at approximately $306,000.

Several other hedge funds have also recently made changes to their positions in SOXX. Raymond James & Associates raised its position in shares of iShares Semiconductor ETF by 50.1% in the 3rd quarter. Raymond James & Associates now owns 162,706 shares of the exchange traded fund’s stock worth $37,518,000 after acquiring an additional 54,287 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of iShares Semiconductor ETF in the 3rd quarter worth about $225,000. Signaturefd LLC raised its position in shares of iShares Semiconductor ETF by 264.9% in the 3rd quarter. Signaturefd LLC now owns 551 shares of the exchange traded fund’s stock worth $127,000 after acquiring an additional 400 shares in the last quarter. Eastern Bank bought a new position in shares of iShares Semiconductor ETF in the 3rd quarter worth about $115,000. Finally, Alexander Labrunerie & CO. Inc. grew its stake in shares of iShares Semiconductor ETF by 0.3% in the 3rd quarter. Alexander Labrunerie & CO. Inc. now owns 25,367 shares of the exchange traded fund’s stock valued at $5,849,000 after buying an additional 81 shares during the period.

iShares Semiconductor ETF Price Performance

Shares of SOXX opened at $230.53 on Thursday. The stock has a 50-day moving average of $221.68 and a 200-day moving average of $222.48. The company has a market cap of $14.27 billion, a PE ratio of 10.60 and a beta of 1.34. iShares Semiconductor ETF has a one year low of $192.87 and a one year high of $267.24.

iShares Semiconductor ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a $0.3578 dividend. The ex-dividend date was Tuesday, December 17th.

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).