Truist Financial Corp Decreases Stake in iShares Semiconductor ETF $SOXX

Truist Financial Corp cut its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,537 shares of the exchange traded fund’s stock after selling 1,508 shares during the quarter. Truist Financial Corp’s holdings in iShares Semiconductor ETF were worth $22,648,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SOXX. Barnes Dennig Private Wealth Management LLC bought a new position in iShares Semiconductor ETF during the 3rd quarter worth approximately $25,000. GFG Capital LLC bought a new stake in shares of iShares Semiconductor ETF in the 2nd quarter valued at approximately $32,000. Johnson Financial Group Inc. acquired a new stake in shares of iShares Semiconductor ETF during the 2nd quarter valued at approximately $32,000. Financial Consulate Inc. bought a new position in iShares Semiconductor ETF during the third quarter worth $34,000. Finally, Crews Bank & Trust lifted its stake in iShares Semiconductor ETF by 1,666.7% during the second quarter. Crews Bank & Trust now owns 159 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter.

iShares Semiconductor ETF Stock Down 4.1%

SOXX opened at $346.30 on Friday. The company’s 50-day moving average price is $316.55 and its 200 day moving average price is $283.91. iShares Semiconductor ETF has a fifty-two week low of $148.31 and a fifty-two week high of $363.80. The firm has a market cap of $20.73 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a $0.4363 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, December 16th.

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.