Rakuten Investment Management Inc. Sells 18,977 Shares of iShares Semiconductor ETF $SOXX

Rakuten Investment Management Inc. reduced its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 60.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,320 shares of the exchange traded fund’s stock after selling 18,977 shares during the quarter. Rakuten Investment Management Inc.’s holdings in iShares Semiconductor ETF were worth $6,991,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. NWF Advisory Services Inc. acquired a new stake in shares of iShares Semiconductor ETF in the 2nd quarter valued at $1,065,000. Squarepoint Ops LLC raised its position in shares of iShares Semiconductor ETF by 2,421.8% during the second quarter. Squarepoint Ops LLC now owns 41,610 shares of the exchange traded fund’s stock worth $26,662,000 after acquiring an additional 39,960 shares during the last quarter. RFG Advisory LLC lifted its stake in shares of iShares Semiconductor ETF by 319.1% during the second quarter. RFG Advisory LLC now owns 19,219 shares of the exchange traded fund’s stock valued at $12,315,000 after acquiring an additional 14,633 shares during the period. Schuylkill Financial LLC acquired a new position in shares of iShares Semiconductor ETF during the second quarter valued at $1,028,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of iShares Semiconductor ETF during the second quarter valued at $682,000.

iShares Semiconductor ETF Stock Down 12.8%

iShares Semiconductor ETF stock opened at $130.87 on Friday. The business’s 50-day simple moving average is $174.42 and its 200 day simple moving average is $158.99. The stock has a market cap of $12.12 billion, a price-to-earnings ratio of 31.84 and a beta of 1.86. iShares Semiconductor ETF has a 12-month low of $86.81 and a 12-month high of $218.65.

iShares Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.1083 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.43 annualized dividend and a yield of 0.3%. This is a decrease from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827.

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.