iShares Semiconductor ETF $SOXX Shares Sold by KFG Wealth Management LLC

KFG Wealth Management LLC lessened its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 37.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,924 shares of the exchange traded fund’s stock after selling 1,149 shares during the period. KFG Wealth Management LLC’s holdings in iShares Semiconductor ETF were worth $1,233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SOXX. Triumph Capital Management increased its holdings in iShares Semiconductor ETF by 44.4% in the 2nd quarter. Triumph Capital Management now owns 65 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in iShares Semiconductor ETF by 245.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 69 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 49 shares during the period. Cedar Mountain Advisors LLC acquired a new position in shares of iShares Semiconductor ETF during the second quarter worth about $51,000. Elevation Wealth Partners LLC lifted its stake in shares of iShares Semiconductor ETF by 203.6% during the second quarter. Elevation Wealth Partners LLC now owns 85 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 57 shares in the last quarter. Finally, BOKF NA purchased a new stake in shares of iShares Semiconductor ETF in the fourth quarter worth about $30,000.

iShares Semiconductor ETF Stock Performance

SOXX stock opened at $501.44 on Thursday. iShares Semiconductor ETF has a 1 year low of $238.75 and a 1 year high of $655.95. The firm has a market cap of $44.95 billion, a P/E ratio of 31.84 and a beta of 1.80. The stock has a 50-day simple moving average of $541.68 and a 200-day simple moving average of $478.52.

iShares Semiconductor ETF shares are set to split before the market opens on Thursday, November 5th. The 3-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

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

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.