Fiduciary Alliance LLC Invests $517,000 in iShares Semiconductor ETF $SOXX

Fiduciary Alliance LLC acquired a new stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,908 shares of the exchange traded fund’s stock, valued at approximately $517,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. 17 Capital Partners LLC lifted its position in iShares Semiconductor ETF by 21.1% during the 2nd quarter. 17 Capital Partners LLC now owns 1,863 shares of the exchange traded fund’s stock worth $445,000 after acquiring an additional 324 shares during the last quarter. Apollon Wealth Management LLC increased its stake in shares of iShares Semiconductor ETF by 1.1% in the second quarter. Apollon Wealth Management LLC now owns 10,944 shares of the exchange traded fund’s stock worth $2,612,000 after purchasing an additional 120 shares during the period. RoundAngle Advisors LLC lifted its position in shares of iShares Semiconductor ETF by 3.4% during the 2nd quarter. RoundAngle Advisors LLC now owns 4,329 shares of the exchange traded fund’s stock worth $1,033,000 after purchasing an additional 144 shares during the last quarter. Grandview Asset Management LLC acquired a new position in shares of iShares Semiconductor ETF during the 2nd quarter worth about $1,070,000. Finally, Trust Co. of Toledo NA OH bought a new stake in iShares Semiconductor ETF during the 2nd quarter valued at approximately $107,000.

iShares Semiconductor ETF Stock Up 2.7%

SOXX opened at $299.81 on Friday. The stock’s 50 day moving average price is $295.38 and its two-hundred day moving average price is $264.00. The firm has a market capitalization of $16.02 billion, a P/E ratio of 31.84 and a beta of 1.51. iShares Semiconductor ETF has a 12-month low of $148.31 and a 12-month high of $317.35.

iShares Semiconductor ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $0.4363 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.75 dividend on an annualized basis and a yield of 0.6%.

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). 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.