Arete Wealth Advisors LLC Buys 3,391 Shares of iShares Semiconductor ETF $SOXX

Arete Wealth Advisors LLC grew its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 21.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 18,947 shares of the exchange traded fund’s stock after purchasing an additional 3,391 shares during the period. Arete Wealth Advisors LLC’s holdings in iShares Semiconductor ETF were worth $5,137,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stratos Wealth Advisors LLC raised its holdings in iShares Semiconductor ETF by 1.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 2,135 shares of the exchange traded fund’s stock valued at $579,000 after buying an additional 36 shares during the period. Modera Wealth Management LLC boosted its stake in shares of iShares Semiconductor ETF by 4.2% during the 3rd quarter. Modera Wealth Management LLC now owns 1,003 shares of the exchange traded fund’s stock worth $272,000 after purchasing an additional 40 shares during the period. American Institute for Advanced Investment Management LLP grew its holdings in iShares Semiconductor ETF by 3.5% during the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 1,183 shares of the exchange traded fund’s stock valued at $321,000 after purchasing an additional 40 shares during the last quarter. Koshinski Asset Management Inc. raised its position in iShares Semiconductor ETF by 0.4% in the 3rd quarter. Koshinski Asset Management Inc. now owns 9,685 shares of the exchange traded fund’s stock worth $2,626,000 after purchasing an additional 41 shares during the period. Finally, Condor Capital Management raised its position in iShares Semiconductor ETF by 0.4% in the 2nd quarter. Condor Capital Management now owns 9,876 shares of the exchange traded fund’s stock worth $2,357,000 after purchasing an additional 43 shares during the period.

iShares Semiconductor ETF Price Performance

Shares of NASDAQ:SOXX opened at $352.29 on Friday. The firm has a market capitalization of $21.35 billion, a PE ratio of 31.84 and a beta of 1.51. The business has a 50 day simple moving average of $337.74 and a two-hundred day simple moving average of $299.51. iShares Semiconductor ETF has a 1 year low of $148.31 and a 1 year high of $368.82.

iShares Semiconductor ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a $0.4363 dividend. This represents a $1.75 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, December 16th.

iShares Semiconductor ETF Company 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.