MinichMacGregor Wealth Management LLC Purchases Shares of 59,899 iShares Semiconductor ETF $SOXX

MinichMacGregor Wealth Management LLC purchased a new position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) during the 1st quarter, Holdings Channel.com reports. The fund purchased 59,899 shares of the exchange traded fund’s stock, valued at approximately $19,753,000. iShares Semiconductor ETF accounts for 3.5% of MinichMacGregor Wealth Management LLC’s investment portfolio, making the stock its 6th biggest position.

A number of other institutional investors have also modified their holdings of SOXX. Friedenthal Financial acquired a new position in shares of iShares Semiconductor ETF in the 1st quarter valued at about $213,000. Blue Trust Inc. grew its holdings in iShares Semiconductor ETF by 384.7% during the first quarter. Blue Trust Inc. now owns 853 shares of the exchange traded fund’s stock worth $280,000 after acquiring an additional 677 shares during the period. Apella Capital LLC grew its holdings in iShares Semiconductor ETF by 14.5% during the first quarter. Apella Capital LLC now owns 2,371 shares of the exchange traded fund’s stock worth $779,000 after acquiring an additional 300 shares during the period. Riverchase Wealth Management LLC purchased a new position in iShares Semiconductor ETF during the first quarter valued at approximately $213,000. Finally, CENTRAL TRUST Co raised its position in iShares Semiconductor ETF by 2,245.5% during the first quarter. CENTRAL TRUST Co now owns 516 shares of the exchange traded fund’s stock valued at $170,000 after acquiring an additional 494 shares in the last quarter.

iShares Semiconductor ETF Trading Down 0.3%

Shares of NASDAQ:SOXX opened at $601.50 on Thursday. iShares Semiconductor ETF has a 12-month low of $232.33 and a 12-month high of $655.95. The company has a market capitalization of $38.98 billion, a PE ratio of 31.84 and a beta of 1.80. The business has a 50 day moving average of $526.48 and a two-hundred day moving average of $402.51.

iShares Semiconductor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $0.2827 per share. This represents a $1.13 dividend on an annualized basis and a dividend 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.

iShares Semiconductor ETF 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.