KFG Wealth Management LLC Sells 2,469 Shares of iShares Semiconductor ETF $SOXX

KFG Wealth Management LLC trimmed its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 41.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,507 shares of the exchange traded fund’s stock after selling 2,469 shares during the period. KFG Wealth Management LLC’s holdings in iShares Semiconductor ETF were worth $1,056,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Stock Yards Bank & Trust Co. acquired a new stake in shares of iShares Semiconductor ETF during the 4th quarter worth about $232,000. Apella Capital LLC grew its holdings in iShares Semiconductor ETF by 4.5% in the 4th quarter. Apella Capital LLC now owns 2,071 shares of the exchange traded fund’s stock valued at $624,000 after buying an additional 89 shares in the last quarter. Sound Income Strategies LLC acquired a new position in iShares Semiconductor ETF in the 4th quarter valued at $108,000. Rathbones Group PLC increased its position in iShares Semiconductor ETF by 9.4% during the 4th quarter. Rathbones Group PLC now owns 2,275 shares of the exchange traded fund’s stock worth $685,000 after buying an additional 195 shares during the period. Finally, Sowell Financial Services LLC lifted its holdings in shares of iShares Semiconductor ETF by 1.6% during the fourth quarter. Sowell Financial Services LLC now owns 16,011 shares of the exchange traded fund’s stock worth $4,822,000 after buying an additional 259 shares in the last quarter.

iShares Semiconductor ETF Stock Performance

NASDAQ:SOXX opened at $344.10 on Tuesday. iShares Semiconductor ETF has a 52 week low of $148.31 and a 52 week high of $368.82. The firm’s 50-day simple moving average is $344.17 and its 200 day simple moving average is $315.51. The firm has a market cap of $21.54 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Cuts Dividend

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

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.