Wellspring Financial Advisors LLC Increases Stake in iShares Semiconductor ETF $SOXX

Wellspring Financial Advisors LLC grew its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 150,012 shares of the exchange traded fund’s stock after buying an additional 4,859 shares during the quarter. iShares Semiconductor ETF comprises 0.6% of Wellspring Financial Advisors LLC’s portfolio, making the stock its 19th largest holding. Wellspring Financial Advisors LLC’s holdings in iShares Semiconductor ETF were worth $45,183,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Citizens Financial Group Inc. RI boosted its stake in shares of iShares Semiconductor ETF by 2.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 1,615 shares of the exchange traded fund’s stock valued at $486,000 after buying an additional 31 shares during the period. Stratos Wealth Advisors LLC boosted its stake in shares of iShares Semiconductor ETF by 1.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 2,135 shares of the exchange traded fund’s stock valued at $579,000 after buying an additional 36 shares during the period. Rinkey Investments boosted its stake in shares of iShares Semiconductor ETF by 2.3% in the 4th quarter. Rinkey Investments now owns 1,571 shares of the exchange traded fund’s stock valued at $473,000 after buying an additional 36 shares during the period. First Heartland Consultants Inc. boosted its stake in shares of iShares Semiconductor ETF by 1.1% in the 4th quarter. First Heartland Consultants Inc. now owns 3,295 shares of the exchange traded fund’s stock valued at $992,000 after buying an additional 37 shares during the period. Finally, Madison Wealth Partners Inc boosted its stake in shares of iShares Semiconductor ETF by 1.7% in the 4th quarter. Madison Wealth Partners Inc now owns 2,206 shares of the exchange traded fund’s stock valued at $664,000 after buying an additional 37 shares during the period.

iShares Semiconductor ETF Stock Performance

Shares of SOXX opened at $541.51 on Thursday. The stock has a 50-day simple moving average of $475.00 and a 200-day simple moving average of $379.91. The stock has a market capitalization of $35.09 billion, a PE ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a 1 year low of $220.30 and a 1 year high of $618.84.

iShares Semiconductor ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a dividend of $0.2079 per share. This represents a $0.83 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 17th.

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.