MinichMacGregor Wealth Management LLC Sells 42,380 Shares of iShares Semiconductor ETF $SOXX

MinichMacGregor Wealth Management LLC lowered its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 99.1% in the third quarter, HoldingsChannel.com reports. The fund owned 369 shares of the exchange traded fund’s stock after selling 42,380 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in iShares Semiconductor ETF were worth $210,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Highland Investment Advisors LLC purchased a new stake in iShares Semiconductor ETF during the 2nd quarter valued at about $40,000. Triumph Capital Management increased its holdings in shares of iShares Semiconductor ETF by 44.4% in the second quarter. Triumph Capital Management now owns 65 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of iShares Semiconductor ETF by 245.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 69 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 49 shares during the period. Atomic Invest LLC raised its stake in shares of iShares Semiconductor ETF by 108.1% in the second quarter. Atomic Invest LLC now owns 77 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 40 shares during the last quarter. Finally, Go Invest LLC purchased a new position in shares of iShares Semiconductor ETF in the third quarter worth about $45,000.

iShares Semiconductor ETF Stock Down 3.6%

Shares of iShares Semiconductor ETF stock traded down $19.43 on Wednesday, reaching $524.48. 5,041,434 shares of the stock were exchanged, compared to its average volume of 8,183,367. iShares Semiconductor ETF has a twelve month low of $260.44 and a twelve month high of $655.95. The firm has a market capitalization of $42.95 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. The business has a 50 day moving average price of $538.43 and a two-hundred day moving average price of $519.77.

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

iShares Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were issued a $0.3250 dividend. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.30 annualized dividend and a dividend yield of 0.2%.

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). 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.