Novare Capital Management LLC Cuts Position in iShares Semiconductor ETF $SOXX

Novare Capital Management LLC reduced its position in iShares Semiconductor ETF (NASDAQ:SOXX) by 14.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,974 shares of the exchange traded fund’s stock after selling 1,695 shares during the quarter. Novare Capital Management LLC’s holdings in iShares Semiconductor ETF were worth $2,704,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Barnes Dennig Private Wealth Management LLC purchased a new stake in iShares Semiconductor ETF during the third quarter valued at about $25,000. GFG Capital LLC purchased a new stake in iShares Semiconductor ETF in the 2nd quarter worth approximately $32,000. Johnson Financial Group Inc. purchased a new stake in iShares Semiconductor ETF in the second quarter worth $32,000. Financial Consulate Inc. purchased a new stake in shares of iShares Semiconductor ETF in the 3rd quarter worth about $34,000. Finally, Crews Bank & Trust boosted its position in iShares Semiconductor ETF by 1,666.7% during the 2nd quarter. Crews Bank & Trust now owns 159 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 150 shares in the last quarter.

iShares Semiconductor ETF Trading Up 2.3%

Shares of SOXX stock opened at $351.08 on Wednesday. iShares Semiconductor ETF has a 12 month low of $148.31 and a 12 month high of $354.60. The company’s fifty day moving average price is $311.60 and its 200-day moving average price is $282.11. The stock has a market cap of $20.82 billion, a PE ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a $0.4363 dividend. This represents a $1.75 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, December 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). 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.