Marks Wealth LLC Sells 3,691 Shares of iShares Semiconductor ETF $SOXX

Marks Wealth LLC trimmed its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 7.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,185 shares of the exchange traded fund’s stock after selling 3,691 shares during the period. iShares Semiconductor ETF accounts for about 5.6% of Marks Wealth LLC’s holdings, making the stock its 6th largest holding. Marks Wealth LLC’s holdings in iShares Semiconductor ETF were worth $25,694,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sentry LLC boosted its holdings in iShares Semiconductor ETF by 19.9% in the third quarter. Sentry LLC now owns 555 shares of the exchange traded fund’s stock valued at $316,000 after purchasing an additional 92 shares in the last quarter. Lyell Wealth Management LP increased its stake in iShares Semiconductor ETF by 7.1% in the third quarter. Lyell Wealth Management LP now owns 3,404 shares of the exchange traded fund’s stock valued at $1,936,000 after purchasing an additional 226 shares during the last quarter. Summa Corp. raised its holdings in iShares Semiconductor ETF by 25.4% during the third quarter. Summa Corp. now owns 1,404 shares of the exchange traded fund’s stock worth $798,000 after purchasing an additional 284 shares in the last quarter. IPG Investment Advisors LLC raised its holdings in iShares Semiconductor ETF by 121.2% during the third quarter. IPG Investment Advisors LLC now owns 3,145 shares of the exchange traded fund’s stock worth $1,788,000 after purchasing an additional 1,723 shares in the last quarter. Finally, Bauman Advisory Group LLC lifted its position in shares of iShares Semiconductor ETF by 5.4% during the 3rd quarter. Bauman Advisory Group LLC now owns 2,589 shares of the exchange traded fund’s stock worth $1,472,000 after buying an additional 132 shares during the last quarter.

iShares Semiconductor ETF Trading Down 3.1%

Shares of iShares Semiconductor ETF stock opened at $450.41 on Thursday. The company has a fifty day simple moving average of $525.70 and a 200-day simple moving average of $476.72. iShares Semiconductor ETF has a 12-month low of $260.44 and a 12-month high of $655.95. The stock has a market cap of $41.71 billion, a price-to-earnings ratio of 31.84 and a beta of 1.86.

iShares Semiconductor ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were paid a dividend of $0.1083 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.43 annualized dividend and a yield of 0.1%. This is a decrease from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827.

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.