Geremia Financial Services LLC Takes $9.95 Million Position in iShares Semiconductor ETF $SOXX

Geremia Financial Services LLC bought a new position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) in the 4th quarter, Holdings Channel reports. The fund bought 33,043 shares of the exchange traded fund’s stock, valued at approximately $9,951,000. iShares Semiconductor ETF makes up 8.2% of Geremia Financial Services LLC’s holdings, making the stock its 6th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Moulton Wealth Management Inc. acquired a new stake in iShares Semiconductor ETF during the 4th quarter worth approximately $5,773,000. Cadent Capital Advisors LLC increased its holdings in shares of iShares Semiconductor ETF by 86.7% in the fourth quarter. Cadent Capital Advisors LLC now owns 39,357 shares of the exchange traded fund’s stock valued at $11,852,000 after purchasing an additional 18,280 shares during the period. Signal Advisors Wealth LLC acquired a new position in shares of iShares Semiconductor ETF in the fourth quarter valued at approximately $242,000. SeaCrest Wealth Management LLC raised its stake in shares of iShares Semiconductor ETF by 73.2% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,618 shares of the exchange traded fund’s stock worth $526,000 after purchasing an additional 684 shares during the last quarter. Finally, National Wealth Management Group LLC lifted its holdings in shares of iShares Semiconductor ETF by 8.0% during the fourth quarter. National Wealth Management Group LLC now owns 2,370 shares of the exchange traded fund’s stock worth $714,000 after purchasing an additional 175 shares during the period.

iShares Semiconductor ETF Price Performance

NASDAQ:SOXX opened at $328.85 on Friday. The firm has a market cap of $19.93 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51. The firm’s fifty day moving average price is $345.83 and its 200 day moving average price is $310.99. iShares Semiconductor ETF has a 1-year low of $148.31 and a 1-year high of $368.82.

iShares Semiconductor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a $0.2079 dividend. This represents a $0.83 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Tuesday, March 17th.

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.