Kingsview Wealth Management LLC Sells 4,387 Shares of iShares Semiconductor ETF $SOXX

Kingsview Wealth Management LLC cut its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 28.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 10,891 shares of the exchange traded fund’s stock after selling 4,387 shares during the quarter. Kingsview Wealth Management LLC’s holdings in iShares Semiconductor ETF were worth $2,953,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barnes Dennig Private Wealth Management LLC purchased a new stake in iShares Semiconductor ETF during the 3rd quarter worth about $25,000. Johnson Financial Group Inc. bought a new stake in shares of iShares Semiconductor ETF during the second quarter valued at about $32,000. Financial Consulate Inc. bought a new stake in shares of iShares Semiconductor ETF during the third quarter valued at about $34,000. Wellington Shields & Co. LLC purchased a new stake in shares of iShares Semiconductor ETF in the third quarter worth about $41,000. Finally, Blue Trust Inc. boosted its position in shares of iShares Semiconductor ETF by 39.6% in the third quarter. Blue Trust Inc. now owns 155 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 44 shares during the period.

iShares Semiconductor ETF Trading Up 2.0%

Shares of NASDAQ:SOXX opened at $341.54 on Thursday. The company has a 50 day moving average of $340.02 and a 200 day moving average of $301.41. The stock has a market cap of $20.70 billion, a P/E ratio of 31.84 and a beta of 1.51. iShares Semiconductor ETF has a 12 month low of $148.31 and a 12 month high of $368.82.

iShares Semiconductor ETF Cuts Dividend

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

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.