iShares Semiconductor ETF $SOXX Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. decreased its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,808 shares of the exchange traded fund’s stock after selling 1,462 shares during the period. iShares Semiconductor ETF accounts for about 2.2% of Traynor Capital Management Inc.’s investment portfolio, making the stock its 10th largest position. Traynor Capital Management Inc.’s holdings in iShares Semiconductor ETF were worth $47,657,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Dala Group LLC increased its stake in shares of iShares Semiconductor ETF by 4.5% in the third quarter. Dala Group LLC now owns 13,544 shares of the exchange traded fund’s stock worth $7,702,000 after purchasing an additional 583 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of iShares Semiconductor ETF by 370.1% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 18,288 shares of the exchange traded fund’s stock valued at $10,396,000 after purchasing an additional 14,398 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of iShares Semiconductor ETF during the 3rd quarter valued at $216,839,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of iShares Semiconductor ETF during the 3rd quarter valued at $49,000. Finally, Vise Technologies Inc. lifted its stake in shares of iShares Semiconductor ETF by 11.0% during the 3rd quarter. Vise Technologies Inc. now owns 6,351 shares of the exchange traded fund’s stock valued at $3,612,000 after buying an additional 627 shares in the last quarter.

iShares Semiconductor ETF Stock Performance

Shares of iShares Semiconductor ETF stock opened at $471.51 on Monday. The company has a market capitalization of $44.84 billion, a P/E ratio of 31.84 and a beta of 1.80. The company has a fifty day moving average of $529.13 and a 200 day moving average of $474.88. iShares Semiconductor ETF has a fifty-two week low of $260.44 and a fifty-two week high of $655.95.

iShares Semiconductor ETF shares are scheduled to split on Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.3250 per share. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. This represents a $1.30 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 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.