Retirement Planning Group LLC Sells 1,178 Shares of iShares Semiconductor ETF $SOXX

Retirement Planning Group LLC reduced its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 31.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,619 shares of the exchange traded fund’s stock after selling 1,178 shares during the period. Retirement Planning Group LLC’s holdings in iShares Semiconductor ETF were worth $861,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SOXX. IAG Wealth Partners LLC lifted its holdings in shares of iShares Semiconductor ETF by 5.7% in the first quarter. IAG Wealth Partners LLC now owns 462 shares of the exchange traded fund’s stock worth $152,000 after buying an additional 25 shares in the last quarter. Laurel Oak Wealth Management LLC grew its stake in iShares Semiconductor ETF by 0.3% during the first quarter. Laurel Oak Wealth Management LLC now owns 10,226 shares of the exchange traded fund’s stock valued at $3,361,000 after acquiring an additional 26 shares in the last quarter. Lodestar Private Asset Management LLC increased its holdings in iShares Semiconductor ETF by 1.3% in the 1st quarter. Lodestar Private Asset Management LLC now owns 2,006 shares of the exchange traded fund’s stock valued at $659,000 after acquiring an additional 26 shares during the last quarter. Citizens Financial Group Inc. RI increased its holdings in iShares Semiconductor ETF by 2.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 1,615 shares of the exchange traded fund’s stock valued at $486,000 after acquiring an additional 31 shares during the last quarter. Finally, Pathway Financial Advisers LLC lifted its stake in iShares Semiconductor ETF by 1.6% in the 1st quarter. Pathway Financial Advisers LLC now owns 2,135 shares of the exchange traded fund’s stock worth $702,000 after purchasing an additional 33 shares in the last quarter.

iShares Semiconductor ETF Stock Up 2.6%

SOXX opened at $567.92 on Wednesday. The company has a market capitalization of $46.51 billion, a PE ratio of 31.84 and a beta of 1.77. The firm has a 50-day simple moving average of $568.41 and a two-hundred day simple moving average of $430.20. iShares Semiconductor ETF has a 52 week low of $232.33 and a 52 week high of $655.95.

iShares Semiconductor ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $0.2827 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. This represents a $1.13 dividend on an annualized basis and a yield of 0.2%.

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). 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.