Independent Wealth Network Inc. Boosts Stock Holdings in iShares Semiconductor ETF $SOXX

Independent Wealth Network Inc. grew its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 19.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,470 shares of the exchange traded fund’s stock after purchasing an additional 886 shares during the period. Independent Wealth Network Inc.’s holdings in iShares Semiconductor ETF were worth $1,798,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Greenberg Financial Group bought a new position in iShares Semiconductor ETF in the 4th quarter worth about $843,000. Sava Penzisko Drushtvo A.D. Skopje purchased a new stake in shares of iShares Semiconductor ETF in the third quarter worth about $12,275,000. Moulton Wealth Management Inc. purchased a new stake in shares of iShares Semiconductor ETF in the fourth quarter worth about $5,773,000. Eagle Strategies LLC bought a new position in shares of iShares Semiconductor ETF in the fourth quarter valued at approximately $526,000. Finally, Madrid Wealth Management LLC bought a new position in shares of iShares Semiconductor ETF in the fourth quarter valued at approximately $493,000.

iShares Semiconductor ETF Trading Up 3.9%

Shares of NASDAQ:SOXX opened at $625.20 on Friday. The company has a 50 day moving average of $530.96 and a 200 day moving average of $404.74. The stock has a market cap of $40.51 billion, a P/E ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a 12 month low of $232.33 and a 12 month high of $655.95.

iShares Semiconductor ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a $0.2827 dividend. This represents a $1.13 annualized dividend 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.

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.