PNC Financial Services Group Inc. Acquires 1,727 Shares of iShares Semiconductor ETF $SOXX

PNC Financial Services Group Inc. increased its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 14.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 13,338 shares of the exchange traded fund’s stock after acquiring an additional 1,727 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares Semiconductor ETF were worth $4,384,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC grew its holdings in iShares Semiconductor ETF by 5.7% in the 1st quarter. IAG Wealth Partners LLC now owns 462 shares of the exchange traded fund’s stock valued at $152,000 after buying an additional 25 shares during the last quarter. Laurel Oak Wealth Management LLC lifted its holdings in shares of iShares Semiconductor ETF by 0.3% during the first quarter. Laurel Oak Wealth Management LLC now owns 10,226 shares of the exchange traded fund’s stock worth $3,361,000 after buying an additional 26 shares during the last quarter. Lodestar Private Asset Management LLC lifted its holdings in shares of iShares Semiconductor ETF by 1.3% during the first quarter. Lodestar Private Asset Management LLC now owns 2,006 shares of the exchange traded fund’s stock worth $659,000 after buying an additional 26 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in shares of iShares Semiconductor ETF by 2.0% in the fourth 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 during the period. Finally, Pathway Financial Advisers LLC boosted its position in shares of iShares Semiconductor ETF by 1.6% in the first quarter. Pathway Financial Advisers LLC now owns 2,135 shares of the exchange traded fund’s stock valued at $702,000 after acquiring an additional 33 shares during the period.

iShares Semiconductor ETF Trading Down 2.0%

Shares of iShares Semiconductor ETF stock opened at $516.23 on Tuesday. The company’s fifty day simple moving average is $572.47 and its 200-day simple moving average is $444.63. The company has a market cap of $42.72 billion, a price-to-earnings ratio of 31.84 and a beta of 1.77. iShares Semiconductor ETF has a 1 year low of $232.33 and a 1 year high of $655.95.

iShares Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $0.2827 per share. This represents a $1.13 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, June 15th. This is an increase 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.