Avaii Wealth Management LLC Grows Stock Position in iShares Semiconductor ETF (NASDAQ:SOXX)

Avaii Wealth Management LLC increased its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 5.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 25,564 shares of the exchange traded fund’s stock after acquiring an additional 1,296 shares during the period. iShares Semiconductor ETF makes up about 2.7% of Avaii Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding. Avaii Wealth Management LLC’s holdings in iShares Semiconductor ETF were worth $5,509,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SOXX. AlphaMark Advisors LLC purchased a new stake in shares of iShares Semiconductor ETF in the fourth quarter valued at $42,000. Juncture Wealth Strategies LLC grew its holdings in iShares Semiconductor ETF by 6.9% during the 4th quarter. Juncture Wealth Strategies LLC now owns 5,384 shares of the exchange traded fund’s stock valued at $1,160,000 after purchasing an additional 349 shares during the last quarter. Nikulski Financial Inc. raised its position in iShares Semiconductor ETF by 24.0% in the 4th quarter. Nikulski Financial Inc. now owns 8,055 shares of the exchange traded fund’s stock worth $1,736,000 after purchasing an additional 1,558 shares during the period. Grimes & Company Inc. bought a new stake in iShares Semiconductor ETF in the fourth quarter worth about $243,000. Finally, Cyndeo Wealth Partners LLC boosted its position in shares of iShares Semiconductor ETF by 1.5% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,704 shares of the exchange traded fund’s stock valued at $798,000 after buying an additional 54 shares during the period.

iShares Semiconductor ETF Stock Performance

SOXX opened at $230.64 on Friday. iShares Semiconductor ETF has a one year low of $192.87 and a one year high of $267.24. The stock has a market cap of $14.54 billion, a price-to-earnings ratio of 10.60 and a beta of 1.34. The stock’s 50 day moving average price is $220.66 and its 200-day moving average price is $224.99.

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 paid a $0.3578 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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).