Anchor Investment Management LLC Cuts Stock Position in iShares Semiconductor ETF $SOXX

Anchor Investment Management LLC cut its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 19.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,267 shares of the exchange traded fund’s stock after selling 3,404 shares during the quarter. Anchor Investment Management LLC’s holdings in iShares Semiconductor ETF were worth $9,142,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SOXX. Highland Investment Advisors LLC purchased a new stake in iShares Semiconductor ETF during the 2nd quarter valued at approximately $40,000. Triumph Capital Management lifted its holdings in shares of iShares Semiconductor ETF by 44.4% in the second quarter. Triumph Capital Management now owns 65 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of iShares Semiconductor ETF by 245.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 69 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 49 shares in the last quarter. Cedar Mountain Advisors LLC bought a new position in shares of iShares Semiconductor ETF during the second quarter worth $51,000. Finally, Elevation Wealth Partners LLC boosted its position in shares of iShares Semiconductor ETF by 203.6% during the second quarter. Elevation Wealth Partners LLC now owns 85 shares of the exchange traded fund’s stock worth $55,000 after acquiring an additional 57 shares during the last quarter.

iShares Semiconductor ETF Stock Up 0.3%

NASDAQ SOXX traded up $1.45 on Tuesday, reaching $498.85. The company had a trading volume of 5,999,627 shares, compared to its average volume of 8,395,312. The stock has a market capitalization of $44.72 billion, a PE ratio of 31.84 and a beta of 1.80. The firm’s 50 day moving average price is $528.88 and its 200 day moving average price is $487.60. iShares Semiconductor ETF has a 12 month low of $254.83 and a 12 month high of $655.95.

iShares Semiconductor ETF’s stock is going to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly issued shares will be payable to shareholders after the market closes on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 15th will be given a $0.325 dividend. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.28. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, September 15th.

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.