Moulton Wealth Management Inc. Invests $5.77 Million in iShares Semiconductor ETF $SOXX

Moulton Wealth Management Inc. acquired a new stake in iShares Semiconductor ETF (NASDAQ:SOXX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 19,171 shares of the exchange traded fund’s stock, valued at approximately $5,773,000. iShares Semiconductor ETF makes up approximately 4.0% of Moulton Wealth Management Inc.’s portfolio, making the stock its 6th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Foundations Investment Advisors LLC boosted its position in iShares Semiconductor ETF by 27,470.8% during the third quarter. Foundations Investment Advisors LLC now owns 330,850 shares of the exchange traded fund’s stock valued at $89,700,000 after purchasing an additional 329,650 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in iShares Semiconductor ETF by 3,068.9% in the third quarter. Thrivent Financial for Lutherans now owns 271,415 shares of the exchange traded fund’s stock valued at $73,586,000 after purchasing an additional 262,850 shares in the last quarter. Quadrature Capital Ltd increased its position in shares of iShares Semiconductor ETF by 6,111.9% during the 3rd quarter. Quadrature Capital Ltd now owns 264,625 shares of the exchange traded fund’s stock worth $71,772,000 after purchasing an additional 260,365 shares during the last quarter. Bank of America Corp DE increased 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 worth $562,835,000 after purchasing an additional 159,203 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of iShares Semiconductor ETF by 80.7% during the 3rd quarter. Barclays PLC now owns 326,144 shares of the exchange traded fund’s stock worth $88,424,000 after purchasing an additional 145,698 shares in the last quarter.

iShares Semiconductor ETF Trading Down 4.8%

NASDAQ SOXX opened at $328.85 on Friday. The company has a market cap of $19.93 billion, a PE ratio of 31.84 and a beta of 1.51. iShares Semiconductor ETF has a 12 month low of $148.31 and a 12 month high of $368.82. The stock has a 50 day moving average of $345.83 and a 200-day moving average of $310.99.

iShares Semiconductor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a $0.2079 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.83 dividend on an annualized basis and a yield of 0.3%.

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.