RFG Advisory LLC Reduces Stake in iShares Semiconductor ETF $SOXX

RFG Advisory LLC lessened its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 42.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,586 shares of the exchange traded fund’s stock after selling 3,417 shares during the period. RFG Advisory LLC’s holdings in iShares Semiconductor ETF were worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. BOKF NA acquired a new stake in iShares Semiconductor ETF during the 4th quarter worth about $30,000. Commonwealth Retirement Investments LLC acquired a new position in shares of iShares Semiconductor ETF in the 4th quarter valued at about $32,000. Wealth Watch Advisors INC boosted its stake in shares of iShares Semiconductor ETF by 278.6% in the fourth quarter. Wealth Watch Advisors INC now owns 106 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 78 shares during the last quarter. SHP Wealth Management purchased a new stake in shares of iShares Semiconductor ETF in the fourth quarter worth about $38,000. Finally, Strategic Advocates LLC acquired a new stake in iShares Semiconductor ETF during the third quarter worth about $35,000.

iShares Semiconductor ETF Trading Down 5.6%

Shares of SOXX stock opened at $589.94 on Friday. The stock has a 50 day moving average of $534.73 and a 200 day moving average of $406.03. The stock has a market cap of $38.23 billion, a P/E ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a twelve month low of $232.33 and a twelve month high of $655.95.

iShares Semiconductor ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.2827 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.13 annualized dividend and a dividend yield of 0.2%. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.21.

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.