Root Financial Partners LLC Grows Holdings in iShares Semiconductor ETF $SOXX

Root Financial Partners LLC increased its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 537.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,886 shares of the exchange traded fund’s stock after buying an additional 2,433 shares during the period. Root Financial Partners LLC’s holdings in iShares Semiconductor ETF were worth $869,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SOXX. Citizens Financial Group Inc. RI boosted its stake in 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 purchasing an additional 31 shares during the period. Stratos Wealth Advisors LLC raised its holdings in shares of iShares Semiconductor ETF by 1.7% during the third quarter. Stratos Wealth Advisors LLC now owns 2,135 shares of the exchange traded fund’s stock valued at $579,000 after acquiring an additional 36 shares during the period. Rinkey Investments raised its holdings in shares of iShares Semiconductor ETF by 2.3% during the fourth quarter. Rinkey Investments now owns 1,571 shares of the exchange traded fund’s stock valued at $473,000 after acquiring an additional 36 shares during the period. First Heartland Consultants Inc. raised its holdings in shares of iShares Semiconductor ETF by 1.1% during the fourth quarter. First Heartland Consultants Inc. now owns 3,295 shares of the exchange traded fund’s stock valued at $992,000 after acquiring an additional 37 shares during the period. Finally, Madison Wealth Partners Inc raised its holdings in shares of iShares Semiconductor ETF by 1.7% during the fourth quarter. Madison Wealth Partners Inc now owns 2,206 shares of the exchange traded fund’s stock valued at $664,000 after acquiring an additional 37 shares during the period.

iShares Semiconductor ETF Price Performance

SOXX stock opened at $571.93 on Tuesday. iShares Semiconductor ETF has a 52-week low of $204.29 and a 52-week high of $584.50. The company’s 50 day simple moving average is $441.25 and its 200-day simple moving average is $365.70. The firm has a market capitalization of $37.06 billion, a P/E ratio of 31.84 and a beta of 1.75.

iShares Semiconductor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were issued 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 0.1%.

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.