KFG Wealth Management LLC Trims Holdings in iShares Semiconductor ETF $SOXX

KFG Wealth Management LLC lessened its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 37.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,924 shares of the exchange traded fund’s stock after selling 1,149 shares during the period. KFG Wealth Management LLC’s holdings in iShares Semiconductor ETF were worth $1,233,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in shares of iShares Semiconductor ETF by 47.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,904,638 shares of the exchange traded fund’s stock worth $874,732,000 after purchasing an additional 941,363 shares during the last quarter. Oasis Management Co Ltd. grew its stake in iShares Semiconductor ETF by 100.4% in the fourth quarter. Oasis Management Co Ltd. now owns 3,100 shares of the exchange traded fund’s stock worth $934,000 after purchasing an additional 804,400 shares in the last quarter. Morgan Stanley increased its holdings in iShares Semiconductor ETF by 30.0% in the fourth quarter. Morgan Stanley now owns 2,368,608 shares of the exchange traded fund’s stock valued at $713,307,000 after buying an additional 547,109 shares during the last quarter. Bank of America Corp DE raised its stake in iShares Semiconductor ETF by 20.9% during the first quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock valued at $1,023,867,000 after buying an additional 538,125 shares in the last quarter. Finally, Bank of Nova Scotia lifted its holdings in iShares Semiconductor ETF by 5,159.3% during the 4th quarter. Bank of Nova Scotia now owns 451,617 shares of the exchange traded fund’s stock worth $136,005,000 after buying an additional 443,030 shares during the last quarter.

iShares Semiconductor ETF Trading Up 0.2%

Shares of NASDAQ SOXX opened at $501.44 on Thursday. The company has a market capitalization of $44.95 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a twelve month low of $238.75 and a twelve month high of $655.95. The business has a 50 day simple moving average of $541.68 and a 200-day simple moving average of $478.52.

iShares Semiconductor ETF’s stock is scheduled to split on Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $0.2827 per share. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. This represents a $1.13 annualized dividend and a yield of 0.2%.

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). 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.