Ignite Planners LLC Trims Stock Holdings in iShares Semiconductor ETF $SOXX

Ignite Planners LLC reduced its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 43.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,257 shares of the exchange traded fund’s stock after selling 1,736 shares during the period. Ignite Planners LLC’s holdings in iShares Semiconductor ETF were worth $557,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. purchased a new stake in iShares Semiconductor ETF during the first quarter worth about $47,000. Banque Cantonale Vaudoise purchased a new stake in iShares Semiconductor ETF during the first quarter worth about $2,363,000. Envestnet Asset Management Inc. increased its stake in iShares Semiconductor ETF by 10.0% during the first quarter. Envestnet Asset Management Inc. now owns 129,461 shares of the exchange traded fund’s stock worth $24,361,000 after purchasing an additional 11,789 shares during the period. QRG Capital Management Inc. purchased a new stake in iShares Semiconductor ETF during the first quarter worth about $388,000. Finally, Grandview Asset Management LLC purchased a new stake in iShares Semiconductor ETF during the second quarter worth about $1,070,000.

iShares Semiconductor ETF Price Performance

Shares of NASDAQ:SOXX opened at $291.54 on Thursday. The firm has a market capitalization of $15.95 billion, a PE ratio of 31.84 and a beta of 1.34. The firm’s 50-day moving average is $255.62 and its two-hundred day moving average is $225.43. iShares Semiconductor ETF has a 1 year low of $148.31 and a 1 year high of $292.51.

iShares Semiconductor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.5407 per share. This represents a $2.16 dividend on an annualized basis and a yield of 0.7%. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, September 16th.

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).