Quadrant Private Wealth Management LLC Takes $411,000 Position in iShares Semiconductor ETF $SOXX

Quadrant Private Wealth Management LLC acquired a new stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,249 shares of the exchange traded fund’s stock, valued at approximately $411,000.

A number of other hedge funds have also recently bought and sold shares of the company. BOKF NA purchased a new stake in iShares Semiconductor ETF in the 4th quarter worth approximately $30,000. Commonwealth Retirement Investments LLC purchased a new position in shares of iShares Semiconductor ETF during the 4th quarter worth $32,000. Wealth Watch Advisors INC lifted its stake in shares of iShares Semiconductor ETF by 278.6% during the 4th quarter. Wealth Watch Advisors INC now owns 106 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 78 shares during the period. SHP Wealth Management acquired a new stake in shares of iShares Semiconductor ETF during the fourth quarter worth $38,000. Finally, Optima Capital LLC acquired a new stake in shares of iShares Semiconductor ETF during the fourth quarter worth $41,000.

iShares Semiconductor ETF Stock Down 1.6%

Shares of NASDAQ:SOXX opened at $521.81 on Friday. The company has a market cap of $42.24 billion, a P/E ratio of 31.84 and a beta of 1.77. The business has a fifty day simple moving average of $570.18 and a 200-day simple moving average of $434.16. 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 declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $0.2827 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.21.

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). 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.