Envestnet Asset Management Inc. Decreases Stock Holdings in iShares Semiconductor ETF $SOXX

Envestnet Asset Management Inc. lessened its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 9.7% during the third quarter, HoldingsChannel.com reports. The fund owned 149,144 shares of the exchange traded fund’s stock after selling 15,972 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares Semiconductor ETF were worth $40,436,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. First Horizon Corp bought a new position in shares of iShares Semiconductor ETF in the 3rd quarter worth approximately $646,000. 17 Capital Partners LLC grew its position in iShares Semiconductor ETF by 21.1% during the second quarter. 17 Capital Partners LLC now owns 1,863 shares of the exchange traded fund’s stock valued at $445,000 after buying an additional 324 shares during the period. Concurrent Investment Advisors LLC increased its holdings in iShares Semiconductor ETF by 34.3% during the third quarter. Concurrent Investment Advisors LLC now owns 14,167 shares of the exchange traded fund’s stock valued at $3,841,000 after buying an additional 3,616 shares during the last quarter. Analyst IMS Investment Management Services Ltd. raised its position in iShares Semiconductor ETF by 4.6% in the third quarter. Analyst IMS Investment Management Services Ltd. now owns 159,111 shares of the exchange traded fund’s stock worth $43,138,000 after acquiring an additional 6,953 shares during the period. Finally, CW Advisors LLC raised its position in iShares Semiconductor ETF by 140.5% in the second quarter. CW Advisors LLC now owns 3,530 shares of the exchange traded fund’s stock worth $843,000 after acquiring an additional 2,062 shares during the period.

iShares Semiconductor ETF Price Performance

Shares of SOXX stock opened at $351.43 on Wednesday. iShares Semiconductor ETF has a 1 year low of $148.31 and a 1 year high of $363.80. The firm has a fifty day moving average price of $323.89 and a 200-day moving average price of $289.40. The company has a market cap of $21.30 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Cuts Dividend

The business 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 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, December 16th.

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.