Powell Investment Advisors LLC Takes $75,000 Position in iShares Semiconductor ETF (NASDAQ:SOXX)

Powell Investment Advisors LLC acquired a new position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 350 shares of the exchange traded fund’s stock, valued at approximately $75,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new stake in shares of iShares Semiconductor ETF during the 4th quarter valued at approximately $25,000. Global Trust Asset Management LLC purchased a new position in iShares Semiconductor ETF in the 3rd quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC purchased a new position in iShares Semiconductor ETF in the 3rd quarter valued at approximately $33,000. Truvestments Capital LLC acquired a new position in iShares Semiconductor ETF during the third quarter worth $35,000. Finally, Hollencrest Capital Management boosted its position in iShares Semiconductor ETF by 56.1% during the third quarter. Hollencrest Capital Management now owns 167 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 60 shares in the last quarter.

iShares Semiconductor ETF Stock Down 1.6 %

Shares of SOXX stock opened at $216.87 on Monday. The stock has a market cap of $13.42 billion, a P/E ratio of 10.60 and a beta of 1.34. iShares Semiconductor ETF has a fifty-two week low of $192.87 and a fifty-two week high of $267.24. The business has a fifty day simple moving average of $221.03 and a 200-day simple moving average of $222.48.

iShares Semiconductor ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.3578 per share. The ex-dividend date of this dividend was Tuesday, December 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).