iShares Semiconductor ETF $SOXX Position Reduced by Kelly Financial Services LLC

Kelly Financial Services LLC trimmed its position in iShares Semiconductor ETF (NASDAQ:SOXX) by 96.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 933 shares of the exchange traded fund’s stock after selling 24,499 shares during the quarter. Kelly Financial Services LLC’s holdings in iShares Semiconductor ETF were worth $281,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SOXX. Foundations Investment Advisors LLC raised its holdings in shares of iShares Semiconductor ETF by 27,470.8% during the third quarter. Foundations Investment Advisors LLC now owns 330,850 shares of the exchange traded fund’s stock valued at $89,700,000 after acquiring an additional 329,650 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of iShares Semiconductor ETF by 3,068.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 271,415 shares of the exchange traded fund’s stock valued at $73,586,000 after acquiring an additional 262,850 shares in the last quarter. Quadrature Capital Ltd boosted its stake in iShares Semiconductor ETF by 6,111.9% in the 3rd quarter. Quadrature Capital Ltd now owns 264,625 shares of the exchange traded fund’s stock worth $71,772,000 after purchasing an additional 260,365 shares during the period. Bank of America Corp DE grew its position in iShares Semiconductor ETF by 7.2% during the 2nd quarter. Bank of America Corp DE now owns 2,357,919 shares of the exchange traded fund’s stock worth $562,835,000 after purchasing an additional 159,203 shares in the last quarter. Finally, Barclays PLC grew its position in iShares Semiconductor ETF by 80.7% during the 3rd quarter. Barclays PLC now owns 326,144 shares of the exchange traded fund’s stock worth $88,424,000 after purchasing an additional 145,698 shares in the last quarter.

iShares Semiconductor ETF Stock Down 4.8%

Shares of NASDAQ:SOXX opened at $328.85 on Friday. The company’s fifty day moving average is $345.83 and its two-hundred day moving average is $310.99. The company has a market cap of $19.93 billion, a P/E ratio of 31.84 and a beta of 1.51. iShares Semiconductor ETF has a 12-month low of $148.31 and a 12-month high of $368.82.

iShares Semiconductor ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were issued a dividend of $0.2079 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 0.3%.

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.