Wellington Shields Capital Management LLC Decreases Stake in iShares Semiconductor ETF $SOXX

Wellington Shields Capital Management LLC decreased its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 9.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,308 shares of the exchange traded fund’s stock after selling 2,297 shares during the quarter. iShares Semiconductor ETF comprises approximately 0.9% of Wellington Shields Capital Management LLC’s portfolio, making the stock its 26th biggest holding. Wellington Shields Capital Management LLC’s holdings in iShares Semiconductor ETF were worth $5,777,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bison Wealth LLC acquired a new position in shares of iShares Semiconductor ETF during the 4th quarter worth $201,000. AQR Capital Management LLC grew its position in iShares Semiconductor ETF by 83.9% during the first quarter. AQR Capital Management LLC now owns 2,238 shares of the exchange traded fund’s stock worth $421,000 after buying an additional 1,021 shares during the period. DAVENPORT & Co LLC acquired a new position in iShares Semiconductor ETF during the second quarter worth about $221,000. Valmark Advisers Inc. purchased a new position in iShares Semiconductor ETF in the second quarter valued at about $206,000. Finally, US Bancorp DE lifted its position in shares of iShares Semiconductor ETF by 5.9% during the 2nd quarter. US Bancorp DE now owns 14,655 shares of the exchange traded fund’s stock valued at $3,498,000 after acquiring an additional 815 shares during the period.

iShares Semiconductor ETF Price Performance

Shares of NASDAQ:SOXX opened at $348.51 on Friday. The firm has a market capitalization of $21.12 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51. The business’s 50 day simple moving average is $321.80 and its 200-day simple moving average is $287.22. iShares Semiconductor ETF has a 12 month low of $148.31 and a 12 month high of $363.80.

iShares Semiconductor ETF Cuts Dividend

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

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.