First Horizon Corp Takes Position in iShares Semiconductor ETF $SOXX

First Horizon Corp acquired a new stake in iShares Semiconductor ETF (NASDAQ:SOXX) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 2,384 shares of the exchange traded fund’s stock, valued at approximately $646,000.

Several other hedge funds have also recently bought and sold shares of SOXX. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of iShares Semiconductor ETF by 4,677.9% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 201,722 shares of the exchange traded fund’s stock worth $48,151,000 after buying an additional 197,500 shares during the last quarter. Bank of America Corp DE lifted its holdings in 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 worth $562,835,000 after purchasing an additional 159,203 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its position in iShares Semiconductor ETF by 304.7% during the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 156,338 shares of the exchange traded fund’s stock worth $37,317,000 after purchasing an additional 117,703 shares during the period. Wellspring Financial Advisors LLC acquired a new position in iShares Semiconductor ETF during the second quarter valued at approximately $25,749,000. Finally, L & S Advisors Inc acquired a new position in iShares Semiconductor ETF during the second quarter valued at approximately $23,679,000.

iShares Semiconductor ETF Trading Up 0.9%

Shares of iShares Semiconductor ETF stock opened at $333.30 on Wednesday. The firm has a fifty day simple moving average of $301.71 and a 200-day simple moving average of $275.04. The stock has a market capitalization of $19.66 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51. iShares Semiconductor ETF has a 1-year low of $148.31 and a 1-year high of $336.42.

iShares Semiconductor ETF Cuts Dividend

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

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). 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.