Elevation Point Wealth Partners LLC Cuts Position in iShares Semiconductor ETF $SOXX

Elevation Point Wealth Partners LLC cut its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 10.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,226 shares of the exchange traded fund’s stock after selling 2,394 shares during the period. Elevation Point Wealth Partners LLC’s holdings in iShares Semiconductor ETF were worth $5,755,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SOXX. Bank of America Corp DE lifted its holdings in shares of iShares Semiconductor ETF by 7.2% in the 2nd quarter. Bank of America Corp DE now owns 2,357,919 shares of the exchange traded fund’s stock valued at $562,835,000 after purchasing an additional 159,203 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of iShares Semiconductor ETF by 12.7% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 361,353 shares of the exchange traded fund’s stock valued at $94,170,000 after acquiring an additional 40,707 shares during the period. Foundations Investment Advisors LLC raised its position in iShares Semiconductor ETF by 27,470.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 330,850 shares of the exchange traded fund’s stock valued at $89,700,000 after purchasing an additional 329,650 shares during the last quarter. LMR Partners LLP boosted its stake in iShares Semiconductor ETF by 17.9% during the 2nd quarter. LMR Partners LLP now owns 330,000 shares of the exchange traded fund’s stock worth $78,771,000 after purchasing an additional 50,000 shares during the period. Finally, Barclays PLC boosted its stake in iShares Semiconductor ETF by 80.7% during the 3rd quarter. Barclays PLC now owns 326,144 shares of the exchange traded fund’s stock worth $88,424,000 after purchasing an additional 145,698 shares during the period.

iShares Semiconductor ETF Stock Up 0.3%

NASDAQ SOXX opened at $331.32 on Friday. iShares Semiconductor ETF has a 52-week low of $148.31 and a 52-week high of $368.82. The business’s 50-day moving average price is $344.06 and its 200 day moving average price is $305.68. The firm has a market cap of $20.08 billion, a P/E ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a dividend of $0.4363 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.75 dividend on an annualized basis and a yield of 0.5%.

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.