Northwestern Mutual Wealth Management Co. Sells 16,245 Shares of iShares Semiconductor ETF $SOXX

Northwestern Mutual Wealth Management Co. cut its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 7.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,891 shares of the exchange traded fund’s stock after selling 16,245 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Semiconductor ETF were worth $121,674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its stake in iShares Semiconductor ETF by 47.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,904,638 shares of the exchange traded fund’s stock worth $874,732,000 after purchasing an additional 941,363 shares during the period. Oasis Management Co Ltd. lifted its stake in iShares Semiconductor ETF by 100.4% in the fourth quarter. Oasis Management Co Ltd. now owns 3,100 shares of the exchange traded fund’s stock valued at $934,000 after buying an additional 804,400 shares during the period. Morgan Stanley lifted its stake in iShares Semiconductor ETF by 30.0% in the fourth quarter. Morgan Stanley now owns 2,368,608 shares of the exchange traded fund’s stock valued at $713,307,000 after buying an additional 547,109 shares during the period. Bank of America Corp DE boosted its holdings in shares of iShares Semiconductor ETF by 20.9% during the 1st quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock worth $1,023,867,000 after buying an additional 538,125 shares in the last quarter. Finally, Bank of Nova Scotia boosted its holdings in shares of iShares Semiconductor ETF by 5,159.3% during the 4th quarter. Bank of Nova Scotia now owns 451,617 shares of the exchange traded fund’s stock worth $136,005,000 after buying an additional 443,030 shares in the last quarter.

iShares Semiconductor ETF Stock Down 2.1%

NASDAQ:SOXX opened at $500.31 on Wednesday. The company has a fifty day moving average of $543.68 and a 200-day moving average of $477.47. The firm has a market capitalization of $44.85 billion, a P/E ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a twelve month low of $238.15 and a twelve month high of $655.95.

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

iShares Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a dividend of $0.2827 per share. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. This represents a $1.13 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, June 15th.

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.