PNC Financial Services Group Inc. Has $4.38 Million Position in iShares Semiconductor ETF $SOXX

PNC Financial Services Group Inc. boosted its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 14.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,338 shares of the exchange traded fund’s stock after acquiring an additional 1,727 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares Semiconductor ETF were worth $4,384,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BOKF NA bought a new position in shares of iShares Semiconductor ETF in the 4th quarter valued at approximately $30,000. Commonwealth Retirement Investments LLC bought a new stake in iShares Semiconductor ETF during the fourth quarter worth approximately $32,000. Wealth Watch Advisors INC boosted its position in iShares Semiconductor ETF by 278.6% during the fourth quarter. Wealth Watch Advisors INC now owns 106 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 78 shares during the period. SHP Wealth Management acquired a new position in iShares Semiconductor ETF during the fourth quarter valued at approximately $38,000. Finally, Optima Capital LLC acquired a new position in iShares Semiconductor ETF during the fourth quarter valued at approximately $41,000.

iShares Semiconductor ETF Stock Down 2.0%

NASDAQ:SOXX opened at $516.23 on Tuesday. The company’s 50 day moving average is $572.47 and its 200-day moving average is $444.63. iShares Semiconductor ETF has a 12 month low of $232.33 and a 12 month high of $655.95. The firm has a market cap of $42.72 billion, a price-to-earnings ratio of 31.84 and a beta of 1.77.

iShares Semiconductor ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.2827 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, June 15th. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.21.

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.