Redstone Wealth Management LLC Buys New Shares in iShares Semiconductor ETF $SOXX

Redstone Wealth Management LLC bought a new stake in iShares Semiconductor ETF (NASDAQ:SOXX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 54,372 shares of the exchange traded fund’s stock, valued at approximately $16,374,000. iShares Semiconductor ETF accounts for approximately 12.9% of Redstone Wealth Management LLC’s holdings, making the stock its 2nd largest position. Redstone Wealth Management LLC owned about 0.09% of iShares Semiconductor ETF at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BOKF NA bought a new stake in shares of iShares Semiconductor ETF in the fourth quarter valued at about $30,000. Strategic Advocates LLC bought a new stake in shares of iShares Semiconductor ETF in the third quarter valued at about $35,000. Wellington Shields & Co. LLC bought a new stake in shares of iShares Semiconductor ETF in the third quarter valued at about $41,000. Optima Capital LLC bought a new stake in shares of iShares Semiconductor ETF in the fourth quarter valued at about $41,000. Finally, Garner Asset Management Corp bought a new stake in shares of iShares Semiconductor ETF in the fourth quarter valued at about $45,000.

iShares Semiconductor ETF Stock Performance

NASDAQ SOXX opened at $537.33 on Monday. The firm has a 50-day simple moving average of $413.97 and a 200 day simple moving average of $354.50. iShares Semiconductor ETF has a twelve month low of $199.93 and a twelve month high of $541.89. The stock has a market cap of $34.82 billion, a PE ratio of 31.84 and a beta of 1.75.

iShares Semiconductor ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.2079 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.83 dividend on an annualized basis and a yield of 0.2%.

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). 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.