Kingswood Wealth Advisors LLC Acquires 1,435 Shares of iShares Semiconductor ETF $SOXX

Kingswood Wealth Advisors LLC grew its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 49.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,308 shares of the exchange traded fund’s stock after buying an additional 1,435 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in iShares Semiconductor ETF were worth $1,297,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SOXX. Foundations Investment Advisors LLC raised its position in shares of iShares Semiconductor ETF by 27,470.8% in the third quarter. Foundations Investment Advisors LLC now owns 330,850 shares of the exchange traded fund’s stock valued at $89,700,000 after purchasing an additional 329,650 shares during the period. Thrivent Financial for Lutherans raised its position in shares of iShares Semiconductor ETF by 3,068.9% in the third quarter. Thrivent Financial for Lutherans now owns 271,415 shares of the exchange traded fund’s stock valued at $73,586,000 after purchasing an additional 262,850 shares during the period. Quadrature Capital Ltd raised its position in shares of iShares Semiconductor ETF by 6,111.9% in the third quarter. Quadrature Capital Ltd now owns 264,625 shares of the exchange traded fund’s stock valued at $71,772,000 after purchasing an additional 260,365 shares during the period. Bank of America Corp DE raised its position in shares of iShares Semiconductor ETF by 7.2% in the second quarter. Bank of America Corp DE now owns 2,357,919 shares of the exchange traded fund’s stock valued at $562,835,000 after purchasing an additional 159,203 shares during the period. Finally, Barclays PLC raised its position in shares of iShares Semiconductor ETF by 80.7% in the third quarter. Barclays PLC now owns 326,144 shares of the exchange traded fund’s stock valued at $88,424,000 after purchasing an additional 145,698 shares during the period.

iShares Semiconductor ETF Stock Up 2.1%

NASDAQ SOXX opened at $441.00 on Friday. The company’s 50 day moving average is $357.56 and its 200-day moving average is $326.56. iShares Semiconductor ETF has a 12-month low of $176.54 and a 12-month high of $446.64. The firm has a market cap of $29.88 billion, a P/E ratio of 31.84 and a beta of 1.53.

iShares Semiconductor ETF Cuts Dividend

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

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.