Diversify Wealth Management LLC Makes New $5.29 Million Investment in iShares Semiconductor ETF $SOXX

Diversify Wealth Management LLC purchased a new stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 16,089 shares of the exchange traded fund’s stock, valued at approximately $5,288,000.

A number of other institutional investors also recently modified their holdings of the company. Carnegie Investment Counsel boosted its holdings in shares of iShares Semiconductor ETF by 6.7% during the 1st quarter. Carnegie Investment Counsel now owns 2,844 shares of the exchange traded fund’s stock worth $935,000 after buying an additional 178 shares during the period. Citizens Financial Group Inc. RI raised its holdings in iShares Semiconductor ETF by 20.1% in the 1st quarter. Citizens Financial Group Inc. RI now owns 1,940 shares of the exchange traded fund’s stock worth $638,000 after acquiring an additional 325 shares during the period. Fifth Third Bancorp acquired a new position in iShares Semiconductor ETF during the 1st quarter worth $3,582,000. Sovran Advisors LLC lifted its position in iShares Semiconductor ETF by 7.7% during the 1st quarter. Sovran Advisors LLC now owns 5,126 shares of the exchange traded fund’s stock worth $1,685,000 after acquiring an additional 368 shares during the last quarter. Finally, Petix & Botte Co acquired a new position in iShares Semiconductor ETF during the 1st quarter worth $329,000.

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iShares Semiconductor ETF Price Performance

SOXX stock opened at $581.34 on Monday. The stock has a market capitalization of $48.80 billion, a price-to-earnings ratio of 31.84 and a beta of 1.77. The company has a 50-day moving average of $564.87 and a two-hundred day moving average of $426.61. iShares Semiconductor ETF has a 52-week low of $232.33 and a 52-week high of $655.95.

iShares Semiconductor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $0.2827 per share. This represents a $1.13 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.21.

iShares Semiconductor ETF Profile

(Free Report)

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.

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