Financial Management Professionals Inc. Grows Position in iShares Semiconductor ETF (NASDAQ:SOXX)

Financial Management Professionals Inc. increased its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 182.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,877 shares of the exchange traded fund’s stock after buying an additional 2,506 shares during the period. Financial Management Professionals Inc.’s holdings in iShares Semiconductor ETF were worth $876,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Lodestar Private Asset Management LLC boosted its holdings in iShares Semiconductor ETF by 2.5% in the fourth quarter. Lodestar Private Asset Management LLC now owns 743 shares of the exchange traded fund’s stock valued at $428,000 after purchasing an additional 18 shares in the last quarter. Keel Point LLC boosted its holdings in iShares Semiconductor ETF by 0.9% in the fourth quarter. Keel Point LLC now owns 1,982 shares of the exchange traded fund’s stock valued at $1,142,000 after purchasing an additional 18 shares in the last quarter. Armor Investment Advisors LLC boosted its holdings in iShares Semiconductor ETF by 0.6% in the fourth quarter. Armor Investment Advisors LLC now owns 4,228 shares of the exchange traded fund’s stock valued at $2,436,000 after purchasing an additional 24 shares in the last quarter. Essex Financial Services Inc. boosted its holdings in iShares Semiconductor ETF by 1.3% in the third quarter. Essex Financial Services Inc. now owns 2,427 shares of the exchange traded fund’s stock valued at $1,150,000 after purchasing an additional 31 shares in the last quarter. Finally, McAdam LLC boosted its holdings in iShares Semiconductor ETF by 4.3% in the fourth quarter. McAdam LLC now owns 844 shares of the exchange traded fund’s stock valued at $486,000 after purchasing an additional 35 shares in the last quarter.

iShares Semiconductor ETF Stock Up 1.0 %

Shares of SOXX opened at $246.63 on Friday. The stock has a 50 day moving average price of $232.78 and a 200 day moving average price of $215.70. The company has a market capitalization of $14.27 billion, a price-to-earnings ratio of 10.60 and a beta of 1.34. iShares Semiconductor ETF has a 52-week low of $144.40 and a 52-week high of $260.65.

iShares Semiconductor ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were issued a $0.3103 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Tuesday, June 11th.

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).