Focus Financial Network Inc. Sells 1,457 Shares of iShares Semiconductor ETF $SOXX

Focus Financial Network Inc. trimmed its position in iShares Semiconductor ETF (NASDAQ:SOXX) by 14.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,798 shares of the exchange traded fund’s stock after selling 1,457 shares during the period. Focus Financial Network Inc.’s holdings in iShares Semiconductor ETF were worth $5,638,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BOKF NA acquired a new position in iShares Semiconductor ETF during the fourth quarter valued at approximately $30,000. Commonwealth Retirement Investments LLC acquired a new stake in iShares Semiconductor ETF in the fourth quarter worth $32,000. Wealth Watch Advisors INC raised its holdings in iShares Semiconductor ETF by 278.6% in 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. Gould Capital LLC boosted its position in shares of iShares Semiconductor ETF by 39.2% during the first quarter. Gould Capital LLC now owns 110 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 31 shares in the last quarter. Finally, SHP Wealth Management bought a new position in shares of iShares Semiconductor ETF during the fourth quarter worth $38,000.

iShares Semiconductor ETF Price Performance

Shares of SOXX stock opened at $543.27 on Monday. iShares Semiconductor ETF has a 12-month low of $237.10 and a 12-month high of $655.95. The firm has a market capitalization of $48.70 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. The firm has a fifty day moving average of $567.12 and a 200-day moving average of $456.12.

iShares Semiconductor ETF Increases Dividend

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

About iShares Semiconductor ETF

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.