Commonwealth Financial Services LLC Lowers Stock Holdings in iShares Semiconductor ETF $SOXX

Commonwealth Financial Services LLC lowered its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX – Free Report) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,201 shares of the exchange traded fund’s stock after selling 2,336 shares during the quarter. Commonwealth Financial Services LLC’s holdings in iShares Semiconductor ETF were worth $5,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BOKF NA purchased a new stake in iShares Semiconductor ETF in the 4th quarter valued at approximately $30,000. Strategic Advocates LLC purchased a new stake in iShares Semiconductor ETF in the 3rd quarter valued at approximately $35,000. Wellington Shields & Co. LLC purchased a new stake in iShares Semiconductor ETF in the 3rd quarter valued at approximately $41,000. Optima Capital LLC purchased a new stake in iShares Semiconductor ETF in the 4th quarter valued at approximately $41,000. Finally, Garner Asset Management Corp purchased a new stake in iShares Semiconductor ETF in the 4th quarter valued at approximately $45,000.

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iShares Semiconductor ETF Trading Up 0.8%

Shares of SOXX opened at $524.71 on Friday. iShares Semiconductor ETF has a twelve month low of $199.93 and a twelve month high of $533.74. The stock’s 50 day moving average is $410.07 and its two-hundred day moving average is $352.89. The firm has a market capitalization of $34.00 billion, a PE ratio of 31.84 and a beta of 1.75.

iShares Semiconductor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.2079 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.83 annualized dividend and a dividend yield of 0.2%.

About iShares Semiconductor ETF

(Free Report)

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.

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