KFG Wealth Management LLC Cuts Holdings in iShares Semiconductor ETF $SOXX

KFG Wealth Management LLC cut its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 28.3% during the third quarter, Holdings Channel.com reports. The fund owned 5,976 shares of the exchange traded fund’s stock after selling 2,354 shares during the period. KFG Wealth Management LLC’s holdings in iShares Semiconductor ETF were worth $1,620,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in iShares Semiconductor ETF by 220.2% during the first quarter. BNP Paribas Financial Markets now owns 968,262 shares of the exchange traded fund’s stock worth $182,198,000 after purchasing an additional 665,867 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of iShares Semiconductor ETF by 4,677.9% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 201,722 shares of the exchange traded fund’s stock valued at $48,151,000 after buying an additional 197,500 shares in the last quarter. Bank of America Corp DE lifted its position in shares of iShares Semiconductor ETF by 7.2% during the 2nd quarter. Bank of America Corp DE now owns 2,357,919 shares of the exchange traded fund’s stock valued at $562,835,000 after buying an additional 159,203 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management grew its stake in iShares Semiconductor ETF by 304.7% in the 2nd quarter. Gerber Kawasaki Wealth & Investment Management now owns 156,338 shares of the exchange traded fund’s stock valued at $37,317,000 after acquiring an additional 117,703 shares during the period. Finally, Wellspring Financial Advisors LLC acquired a new position in iShares Semiconductor ETF during the second quarter worth $25,749,000.

iShares Semiconductor ETF Stock Down 0.6%

SOXX opened at $296.20 on Wednesday. The firm’s fifty day simple moving average is $294.91 and its two-hundred day simple moving average is $263.01. iShares Semiconductor ETF has a 52-week low of $148.31 and a 52-week high of $317.35. The company has a market cap of $15.83 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Tuesday, December 16th will be issued a $0.4363 dividend. This represents a $1.75 annualized dividend and a yield of 0.6%. The ex-dividend date is 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).