Powell Investment Advisors LLC Invests $75,000 in iShares Semiconductor ETF (NASDAQ:SOXX)

Powell Investment Advisors LLC purchased a new stake in iShares Semiconductor ETF (NASDAQ:SOXX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 350 shares of the exchange traded fund’s stock, valued at approximately $75,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new position in shares of iShares Semiconductor ETF in the 4th quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new stake in shares of iShares Semiconductor ETF during the third quarter worth $27,000. RPg Family Wealth Advisory LLC purchased a new position in iShares Semiconductor ETF in the 3rd quarter valued at $33,000. Truvestments Capital LLC acquired a new position in iShares Semiconductor ETF in the 3rd quarter valued at $35,000. Finally, Hollencrest Capital Management increased its stake in iShares Semiconductor ETF by 56.1% in the 3rd quarter. Hollencrest Capital Management now owns 167 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 60 shares during the period.

iShares Semiconductor ETF Stock Performance

SOXX stock opened at $216.87 on Monday. The stock has a market capitalization of $13.42 billion, a PE ratio of 10.60 and a beta of 1.34. The company has a fifty day moving average of $221.03 and a 200-day moving average of $222.48. iShares Semiconductor ETF has a one year low of $192.87 and a one year high of $267.24.

iShares Semiconductor ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a $0.3578 dividend. The ex-dividend date was Tuesday, December 17th.

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).