Commonwealth Financial Services LLC Trims Position in iShares Semiconductor ETF $SOXX

Commonwealth Financial Services LLC lessened its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 10.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,342 shares of the exchange traded fund’s stock after selling 1,859 shares during the quarter. Commonwealth Financial Services LLC’s holdings in iShares Semiconductor ETF were worth $5,371,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in iShares Semiconductor ETF by 47.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,904,638 shares of the exchange traded fund’s stock valued at $874,732,000 after acquiring an additional 941,363 shares in the last quarter. Oasis Management Co Ltd. raised its holdings in iShares Semiconductor ETF by 100.4% in the 4th quarter. Oasis Management Co Ltd. now owns 3,100 shares of the exchange traded fund’s stock worth $934,000 after purchasing an additional 804,400 shares in the last quarter. Morgan Stanley lifted its position in shares of iShares Semiconductor ETF by 30.0% in the 4th quarter. Morgan Stanley now owns 2,368,608 shares of the exchange traded fund’s stock worth $713,307,000 after purchasing an additional 547,109 shares during the period. Bank of Nova Scotia lifted its position in shares of iShares Semiconductor ETF by 5,159.3% in the 4th quarter. Bank of Nova Scotia now owns 451,617 shares of the exchange traded fund’s stock worth $136,005,000 after purchasing an additional 443,030 shares during the period. Finally, Alkeon Capital Management LLC bought a new stake in shares of iShares Semiconductor ETF during the 4th quarter valued at about $58,001,000.

iShares Semiconductor ETF Price Performance

Shares of NASDAQ SOXX opened at $521.81 on Monday. iShares Semiconductor ETF has a 1 year low of $232.33 and a 1 year high of $655.95. The company’s 50-day moving average is $570.18 and its 200 day moving average is $435.06. The stock has a market capitalization of $42.24 billion, a P/E ratio of 31.84 and a beta of 1.77.

iShares Semiconductor ETF Increases Dividend

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

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.