Transcendent Capital Group LLC Cuts Stock Position in iShares Semiconductor ETF $SOXX

Transcendent Capital Group LLC cut its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 25.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,142 shares of the exchange traded fund’s stock after selling 2,808 shares during the quarter. Transcendent Capital Group LLC’s holdings in iShares Semiconductor ETF were worth $1,944,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SOXX. Banque Cantonale Vaudoise bought a new position in shares of iShares Semiconductor ETF during the 1st quarter valued at $2,363,000. Envestnet Asset Management Inc. raised its holdings in iShares Semiconductor ETF by 10.0% during the first quarter. Envestnet Asset Management Inc. now owns 129,461 shares of the exchange traded fund’s stock valued at $24,361,000 after acquiring an additional 11,789 shares during the period. QRG Capital Management Inc. bought a new stake in iShares Semiconductor ETF during the first quarter valued at about $388,000. Grandview Asset Management LLC bought a new stake in iShares Semiconductor ETF during the second quarter valued at about $1,070,000. Finally, Signaturefd LLC raised its holdings in iShares Semiconductor ETF by 25.0% during the second quarter. Signaturefd LLC now owns 749 shares of the exchange traded fund’s stock valued at $179,000 after acquiring an additional 150 shares during the period.

iShares Semiconductor ETF Stock Down 6.3%

Shares of iShares Semiconductor ETF stock opened at $271.99 on Friday. The firm has a market cap of $14.86 billion, a price-to-earnings ratio of 31.84 and a beta of 1.34. The business has a 50-day moving average price of $257.32 and a 200-day moving average price of $226.48. iShares Semiconductor ETF has a twelve month low of $148.31 and a twelve month high of $292.51.

iShares Semiconductor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a dividend of $0.5407 per share. The ex-dividend date was Tuesday, September 16th. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.48. This represents a $2.16 dividend on an annualized basis and a dividend yield of 0.8%.

iShares Semiconductor ETF Company 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).