Commonwealth Financial Services LLC Makes New $7.42 Million Investment in iShares Semiconductor ETF $SOXX

Commonwealth Financial Services LLC acquired a new position in iShares Semiconductor ETF (NASDAQ:SOXX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,064 shares of the exchange traded fund’s stock, valued at approximately $7,415,000. iShares Semiconductor ETF makes up 1.4% of Commonwealth Financial Services LLC’s investment portfolio, making the stock its 20th biggest position. Commonwealth Financial Services LLC owned about 0.06% of iShares Semiconductor ETF at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. GFG Capital LLC bought a new position in iShares Semiconductor ETF in the 2nd quarter worth $32,000. Opal Wealth Advisors LLC bought a new position in iShares Semiconductor ETF in the 1st quarter worth $30,000. Crews Bank & Trust raised its holdings in iShares Semiconductor ETF by 1,666.7% in the 2nd quarter. Crews Bank & Trust now owns 159 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 150 shares in the last quarter. Tradewinds Capital Management LLC raised its holdings in iShares Semiconductor ETF by 2,600.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 162 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 156 shares in the last quarter. Finally, Hopwood Financial Services Inc. raised its holdings in iShares Semiconductor ETF by 50.0% in the 1st quarter. Hopwood Financial Services Inc. now owns 210 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 70 shares in the last quarter.

iShares Semiconductor ETF Trading Down 6.3%

Shares of NASDAQ SOXX opened at $271.99 on Friday. iShares Semiconductor ETF has a 12 month low of $148.31 and a 12 month high of $292.51. The firm has a market capitalization of $14.86 billion, a PE ratio of 31.84 and a beta of 1.34. The firm has a fifty day simple moving average of $257.32 and a two-hundred day simple moving average of $226.48.

iShares Semiconductor ETF Increases Dividend

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

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).