Kingdom Financial Group LLC. Purchases New Stake in iShares Semiconductor ETF $SOXX

Kingdom Financial Group LLC. acquired a new position in iShares Semiconductor ETF (NASDAQ:SOXX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,101 shares of the exchange traded fund’s stock, valued at approximately $332,000.

A number of other hedge funds have also made changes to their positions in the business. Citizens Financial Group Inc. RI lifted its holdings in shares of iShares Semiconductor ETF by 2.0% during the 4th quarter. Citizens Financial Group Inc. RI now owns 1,615 shares of the exchange traded fund’s stock valued at $486,000 after acquiring an additional 31 shares in the last quarter. Stratos Wealth Advisors LLC increased its holdings in iShares Semiconductor ETF by 1.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 2,135 shares of the exchange traded fund’s stock valued at $579,000 after purchasing an additional 36 shares in the last quarter. Rinkey Investments raised its position in iShares Semiconductor ETF by 2.3% in the fourth quarter. Rinkey Investments now owns 1,571 shares of the exchange traded fund’s stock valued at $473,000 after purchasing an additional 36 shares during the period. First Heartland Consultants Inc. raised its position in iShares Semiconductor ETF by 1.1% in the fourth quarter. First Heartland Consultants Inc. now owns 3,295 shares of the exchange traded fund’s stock valued at $992,000 after purchasing an additional 37 shares during the period. Finally, Secure Asset Management LLC lifted its stake in shares of iShares Semiconductor ETF by 4.6% during the fourth quarter. Secure Asset Management LLC now owns 871 shares of the exchange traded fund’s stock worth $262,000 after purchasing an additional 38 shares in the last quarter.

iShares Semiconductor ETF Stock Performance

SOXX stock opened at $524.71 on Friday. The firm has a market cap of $34.00 billion, a P/E ratio of 31.84 and a beta of 1.75. iShares Semiconductor ETF has a 1 year low of $199.93 and a 1 year high of $533.74. The stock has a 50-day simple moving average of $410.07 and a 200-day simple moving average of $352.89.

iShares Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.2079 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.83 dividend on an annualized basis 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.