Madrona Financial Services LLC Cuts Stock Holdings in iShares Semiconductor ETF $SOXX

Madrona Financial Services LLC trimmed its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 7.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,209 shares of the exchange traded fund’s stock after selling 99 shares during the period. Madrona Financial Services LLC’s holdings in iShares Semiconductor ETF were worth $289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Consolidated Portfolio Review Corp purchased a new stake in iShares Semiconductor ETF during the second quarter valued at about $322,000. Midwest Financial Group LLC lifted its stake in shares of iShares Semiconductor ETF by 2.7% in the 2nd quarter. Midwest Financial Group LLC now owns 15,067 shares of the exchange traded fund’s stock valued at $3,596,000 after purchasing an additional 392 shares in the last quarter. Chicago Capital LLC purchased a new stake in shares of iShares Semiconductor ETF during the 2nd quarter worth about $224,000. Janney Montgomery Scott LLC grew its holdings in shares of iShares Semiconductor ETF by 9.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 32,980 shares of the exchange traded fund’s stock worth $7,872,000 after purchasing an additional 2,980 shares during the period. Finally, Avondale Wealth Management increased its position in iShares Semiconductor ETF by 528.7% during the 2nd quarter. Avondale Wealth Management now owns 44,796 shares of the exchange traded fund’s stock worth $10,693,000 after purchasing an additional 37,671 shares in the last quarter.

iShares Semiconductor ETF Stock Up 1.9%

Shares of SOXX stock opened at $276.34 on Thursday. iShares Semiconductor ETF has a fifty-two week low of $148.31 and a fifty-two week high of $276.70. The firm’s 50 day moving average price is $251.61 and its two-hundred day moving average price is $222.58. The stock has a market cap of $15.28 billion, a price-to-earnings ratio of 31.84 and a beta of 1.34.

iShares Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were given a $0.5407 dividend. This represents a $2.16 annualized dividend and a yield of 0.8%. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Tuesday, September 16th.

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).