SG Americas Securities LLC Sells 85,830 Shares of iShares Semiconductor ETF $SOXX

SG Americas Securities LLC decreased its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 75.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 28,198 shares of the exchange traded fund’s stock after selling 85,830 shares during the period. SG Americas Securities LLC’s holdings in iShares Semiconductor ETF were worth $8,492,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of iShares Semiconductor ETF during the 3rd quarter valued at $25,000. Financial Consulate Inc. acquired a new stake in iShares Semiconductor ETF in the third quarter worth $34,000. Strategic Advocates LLC acquired a new stake in iShares Semiconductor ETF in the third quarter worth $35,000. Wellington Shields & Co. LLC acquired a new stake in iShares Semiconductor ETF in the third quarter worth $41,000. Finally, Blue Trust Inc. increased its stake in 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 purchasing an additional 44 shares in the last quarter.

iShares Semiconductor ETF Trading Down 4.2%

Shares of NASDAQ SOXX opened at $309.79 on Tuesday. The firm has a market capitalization of $18.77 billion, a P/E ratio of 31.84 and a beta of 1.51. The firm’s 50-day moving average price is $344.79 and its 200-day moving average price is $312.74. iShares Semiconductor ETF has a 1-year low of $148.31 and a 1-year high of $368.82.

iShares Semiconductor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a $0.2079 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, March 17th.

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.