Northwestern Mutual Wealth Management Co. Sells 191,870 Shares of iShares Semiconductor ETF $SOXX

Northwestern Mutual Wealth Management Co. cut its position in iShares Semiconductor ETF (NASDAQ:SOXX) by 90.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 21,429 shares of the exchange traded fund’s stock after selling 191,870 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Semiconductor ETF were worth $6,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in SOXX. Bison Wealth LLC bought a new stake in iShares Semiconductor ETF in the 4th quarter valued at $201,000. AQR Capital Management LLC boosted its stake in iShares Semiconductor ETF by 83.9% in the 1st quarter. AQR Capital Management LLC now owns 2,238 shares of the exchange traded fund’s stock valued at $421,000 after purchasing an additional 1,021 shares during the period. Schnieders Capital Management LLC. boosted its stake in iShares Semiconductor ETF by 102.6% in the 2nd quarter. Schnieders Capital Management LLC. now owns 3,495 shares of the exchange traded fund’s stock valued at $834,000 after purchasing an additional 1,770 shares during the period. Amundi bought a new stake in iShares Semiconductor ETF in the 2nd quarter valued at $831,000. Finally, Cerity Partners LLC lifted its position in shares of iShares Semiconductor ETF by 9.0% during the 2nd quarter. Cerity Partners LLC now owns 5,817 shares of the exchange traded fund’s stock valued at $1,389,000 after acquiring an additional 482 shares during the period.

iShares Semiconductor ETF Stock Performance

NASDAQ:SOXX opened at $537.33 on Friday. The stock has a fifty day moving average price of $413.97 and a 200-day moving average price of $354.18. The company has a market cap of $34.82 billion, a price-to-earnings ratio of 31.84 and a beta of 1.75. iShares Semiconductor ETF has a fifty-two week low of $199.93 and a fifty-two week high of $541.89.

iShares Semiconductor ETF Cuts Dividend

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

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.