Fortune Financial Group Inc. Acquires Shares of 2,066 iShares Semiconductor ETF $SOXX

Fortune Financial Group Inc. acquired a new stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,066 shares of the exchange traded fund’s stock, valued at approximately $686,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake in iShares Semiconductor ETF by 47.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,904,638 shares of the exchange traded fund’s stock valued at $874,732,000 after acquiring an additional 941,363 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of iShares Semiconductor ETF by 7.2% in the second quarter. Bank of America Corp DE now owns 2,357,919 shares of the exchange traded fund’s stock valued at $562,835,000 after acquiring an additional 159,203 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of iShares Semiconductor ETF by 1.7% in the fourth quarter. LPL Financial LLC now owns 1,041,783 shares of the exchange traded fund’s stock valued at $313,733,000 after acquiring an additional 17,038 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of iShares Semiconductor ETF by 22.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 406,107 shares of the exchange traded fund’s stock valued at $122,299,000 after acquiring an additional 75,257 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of iShares Semiconductor ETF by 80.7% in the third quarter. Barclays PLC now owns 326,144 shares of the exchange traded fund’s stock valued at $88,424,000 after acquiring an additional 145,698 shares in the last quarter.

iShares Semiconductor ETF Stock Down 3.7%

Shares of NASDAQ:SOXX opened at $541.51 on Thursday. The company has a market cap of $35.09 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. The firm’s 50-day simple moving average is $475.00 and its 200-day simple moving average is $379.91. iShares Semiconductor ETF has a fifty-two week low of $220.30 and a fifty-two week high of $618.84.

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 issued a $0.2079 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.83 annualized dividend and a dividend yield of 0.2%.

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). 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.