iShares Semiconductor ETF $SOXX Shares Sold by RWQ Financial Management Services Inc.

RWQ Financial Management Services Inc. lessened its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 43.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,260 shares of the exchange traded fund’s stock after selling 4,895 shares during the quarter. iShares Semiconductor ETF comprises about 2.0% of RWQ Financial Management Services Inc.’s portfolio, making the stock its 21st largest holding. RWQ Financial Management Services Inc.’s holdings in iShares Semiconductor ETF were worth $3,560,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SOXX. Highland Investment Advisors LLC acquired a new stake in shares of iShares Semiconductor ETF during the second quarter worth $40,000. Triumph Capital Management increased its stake 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 buying an additional 20 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in iShares Semiconductor ETF by 245.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 69 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 49 shares during the period. Atomic Invest LLC increased its stake in iShares Semiconductor ETF by 108.1% in the 2nd quarter. Atomic Invest LLC now owns 77 shares of the exchange traded fund’s stock valued at $47,000 after buying an additional 40 shares during the period. Finally, Go Invest LLC acquired a new position in iShares Semiconductor ETF in the 3rd quarter valued at $45,000.

iShares Semiconductor ETF Stock Performance

iShares Semiconductor ETF stock traded up $8.66 during trading hours on Monday, reaching $502.05. 6,094,379 shares of the stock were exchanged, compared to its average volume of 8,279,025. The stock has a market cap of $41.57 billion, a P/E ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a 52-week low of $260.44 and a 52-week high of $655.95. The firm’s 50 day moving average is $536.87 and its 200 day moving average is $523.75.

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

iShares Semiconductor ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.3250 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. The ex-dividend date was Tuesday, September 15th.

iShares Semiconductor ETF 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.