Meridian Wealth Management LLC Sells 2,172 Shares of iShares Semiconductor ETF $SOXX

Meridian Wealth Management LLC decreased its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,096 shares of the exchange traded fund’s stock after selling 2,172 shares during the period. Meridian Wealth Management LLC’s holdings in iShares Semiconductor ETF were worth $9,064,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BOKF NA bought a new position in shares of iShares Semiconductor ETF during the fourth quarter valued at approximately $30,000. Strategic Advocates LLC purchased a new position in shares of iShares Semiconductor ETF in the 3rd quarter worth about $35,000. Wellington Shields & Co. LLC purchased a new position in shares of iShares Semiconductor ETF in the 3rd quarter worth about $41,000. Optima Capital LLC purchased a new position in shares of iShares Semiconductor ETF in the 4th quarter worth about $41,000. Finally, Garner Asset Management Corp purchased a new position in shares of iShares Semiconductor ETF in the 4th quarter worth about $45,000.

iShares Semiconductor ETF Price Performance

SOXX opened at $532.76 on Tuesday. The stock has a 50-day moving average price of $382.00 and a 200-day moving average price of $340.78. The firm has a market cap of $34.52 billion, a PE ratio of 31.84 and a beta of 1.75. iShares Semiconductor ETF has a 1 year low of $199.93 and a 1 year high of $533.74.

iShares Semiconductor ETF Cuts Dividend

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

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.