Westwood Wealth Management Makes New $1.33 Million Investment in iShares Semiconductor ETF $SOXX

Westwood Wealth Management acquired a new stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,413 shares of the exchange traded fund’s stock, valued at approximately $1,329,000.

Several other hedge funds have also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC purchased a new stake in iShares Semiconductor ETF during the 3rd quarter valued at about $25,000. Johnson Financial Group Inc. purchased a new position in shares of iShares Semiconductor ETF in the second quarter worth about $32,000. Financial Consulate Inc. acquired a new stake in shares of iShares Semiconductor ETF during the third quarter worth about $34,000. Strategic Advocates LLC acquired a new stake in shares of iShares Semiconductor ETF during the third quarter worth about $35,000. Finally, Wellington Shields & Co. LLC purchased a new stake in iShares Semiconductor ETF in the third quarter valued at approximately $41,000.

iShares Semiconductor ETF Trading Down 4.8%

Shares of NASDAQ:SOXX opened at $328.85 on Friday. iShares Semiconductor ETF has a twelve month low of $148.31 and a twelve month high of $368.82. The company has a market cap of $19.93 billion, a PE ratio of 31.84 and a beta of 1.51. The company’s 50 day moving average is $345.83 and its 200 day moving average is $310.99.

iShares Semiconductor ETF Cuts Dividend

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

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.