Beacon Financial Planning Inc. Has $2.58 Million Stake in iShares Semiconductor ETF $SOXX

Beacon Financial Planning Inc. lowered its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 2.2% during the second quarter, Holdings Channel.com reports. The firm owned 10,824 shares of the exchange traded fund’s stock after selling 247 shares during the quarter. iShares Semiconductor ETF accounts for 1.4% of Beacon Financial Planning Inc.’s portfolio, making the stock its 16th biggest holding. Beacon Financial Planning Inc.’s holdings in iShares Semiconductor ETF were worth $2,584,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Signet Financial Management LLC grew its holdings in iShares Semiconductor ETF by 3.6% in the 2nd quarter. Signet Financial Management LLC now owns 2,818 shares of the exchange traded fund’s stock valued at $673,000 after buying an additional 99 shares in the last quarter. BCS Wealth Management bought a new stake in shares of iShares Semiconductor ETF in the second quarter valued at about $204,000. Compagnie Lombard Odier SCmA acquired a new position in shares of iShares Semiconductor ETF in the second quarter valued at about $59,000. Financial Partners Group Inc increased its position in iShares Semiconductor ETF by 13.8% during the second quarter. Financial Partners Group Inc now owns 49,486 shares of the exchange traded fund’s stock worth $11,812,000 after acquiring an additional 5,985 shares during the period. Finally, KFG Wealth Management LLC increased its position in iShares Semiconductor ETF by 442.7% during the second quarter. KFG Wealth Management LLC now owns 8,330 shares of the exchange traded fund’s stock worth $1,988,000 after acquiring an additional 6,795 shares during the period.

iShares Semiconductor ETF Stock Down 0.2%

Shares of iShares Semiconductor ETF stock opened at $269.10 on Thursday. iShares Semiconductor ETF has a twelve month low of $148.31 and a twelve month high of $272.13. The company has a 50-day simple moving average of $249.05 and a two-hundred day simple moving average of $219.99. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 31.84 and a beta of 1.34.

iShares Semiconductor ETF Increases Dividend

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

iShares Semiconductor ETF 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).