Transcendent Capital Group LLC Reduces Stake in iShares Semiconductor ETF $SOXX

Transcendent Capital Group LLC lowered its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 25.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 8,142 shares of the exchange traded fund’s stock after selling 2,808 shares during the period. Transcendent Capital Group LLC’s holdings in iShares Semiconductor ETF were worth $1,944,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Banque Cantonale Vaudoise purchased a new position in shares of iShares Semiconductor ETF during the first quarter valued at approximately $2,363,000. Envestnet Asset Management Inc. raised its stake in shares of iShares Semiconductor ETF by 10.0% during the first quarter. Envestnet Asset Management Inc. now owns 129,461 shares of the exchange traded fund’s stock valued at $24,361,000 after acquiring an additional 11,789 shares in the last quarter. QRG Capital Management Inc. bought a new position in iShares Semiconductor ETF in the first quarter worth approximately $388,000. Grandview Asset Management LLC bought a new position in iShares Semiconductor ETF in the second quarter worth approximately $1,070,000. Finally, Signaturefd LLC raised its stake in iShares Semiconductor ETF by 25.0% in the second quarter. Signaturefd LLC now owns 749 shares of the exchange traded fund’s stock worth $179,000 after buying an additional 150 shares in the last quarter.

iShares Semiconductor ETF Trading Down 6.3%

Shares of SOXX stock opened at $271.99 on Friday. The business’s fifty day simple moving average is $257.32 and its 200-day simple moving average is $226.48. The company has a market cap of $14.86 billion, a PE ratio of 31.84 and a beta of 1.34. iShares Semiconductor ETF has a 12-month low of $148.31 and a 12-month high of $292.51.

iShares Semiconductor ETF Increases Dividend

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

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).