Tempo Wealth LLC Invests $1.03 Million in iShares Semiconductor ETF $SOXX

Tempo Wealth LLC bought a new stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,422 shares of the exchange traded fund’s stock, valued at approximately $1,030,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SOXX. Bison Wealth LLC bought a new position in shares of iShares Semiconductor ETF in the 4th quarter worth approximately $201,000. AQR Capital Management LLC boosted its position in shares of iShares Semiconductor ETF by 83.9% during the first quarter. AQR Capital Management LLC now owns 2,238 shares of the exchange traded fund’s stock valued at $421,000 after purchasing an additional 1,021 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in shares of iShares Semiconductor ETF by 102.6% during the second quarter. Schnieders Capital Management LLC. now owns 3,495 shares of the exchange traded fund’s stock valued at $834,000 after purchasing an additional 1,770 shares in the last quarter. Amundi purchased a new stake in iShares Semiconductor ETF in the second quarter worth $831,000. Finally, Cerity Partners LLC grew its stake in iShares Semiconductor ETF by 9.0% in the second quarter. Cerity Partners LLC now owns 5,817 shares of the exchange traded fund’s stock worth $1,389,000 after purchasing an additional 482 shares during the period.

iShares Semiconductor ETF Trading Up 6.6%

SOXX opened at $639.45 on Friday. The company has a market cap of $41.44 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. The stock has a fifty day simple moving average of $507.08 and a two-hundred day simple moving average of $393.47. iShares Semiconductor ETF has a 12-month low of $221.86 and a 12-month high of $644.43.

iShares Semiconductor ETF Increases Dividend

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

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.