Absolute Capital Management LLC Has $5.62 Million Stock Holdings in iShares Semiconductor ETF $SOXX

Absolute Capital Management LLC lessened its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 12.3% in the second quarter, HoldingsChannel.com reports. The firm owned 23,550 shares of the exchange traded fund’s stock after selling 3,300 shares during the quarter. iShares Semiconductor ETF comprises approximately 2.8% of Absolute Capital Management LLC’s holdings, making the stock its 8th largest holding. Absolute Capital Management LLC’s holdings in iShares Semiconductor ETF were worth $5,621,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Rehmann Capital Advisory Group raised its holdings in iShares Semiconductor ETF by 2.4% during the 2nd quarter. Rehmann Capital Advisory Group now owns 1,801 shares of the exchange traded fund’s stock valued at $430,000 after buying an additional 42 shares during the last quarter. Condor Capital Management grew its holdings in iShares Semiconductor ETF by 0.4% in the 2nd quarter. Condor Capital Management now owns 9,876 shares of the exchange traded fund’s stock worth $2,357,000 after acquiring an additional 43 shares during the last quarter. CWM LLC grew its holdings in iShares Semiconductor ETF by 1.0% in the 2nd quarter. CWM LLC now owns 4,846 shares of the exchange traded fund’s stock worth $1,157,000 after acquiring an additional 49 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of iShares Semiconductor ETF by 1.3% in the second quarter. First Horizon Advisors Inc. now owns 3,684 shares of the exchange traded fund’s stock valued at $880,000 after acquiring an additional 49 shares during the period. Finally, RB Capital Management LLC raised its stake in shares of iShares Semiconductor ETF by 2.7% during the second quarter. RB Capital Management LLC now owns 2,033 shares of the exchange traded fund’s stock valued at $485,000 after acquiring an additional 53 shares during the last quarter.

iShares Semiconductor ETF Trading Up 1.7%

iShares Semiconductor ETF stock opened at $281.61 on Thursday. The firm has a market cap of $15.05 billion, a P/E ratio of 31.84 and a beta of 1.51. iShares Semiconductor ETF has a 1-year low of $148.31 and a 1-year high of $312.79. The firm has a 50-day moving average of $283.99 and a 200-day moving average of $250.17.

iShares Semiconductor ETF Increases Dividend

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

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).