Traynor Capital Management Inc. Reduces Holdings in iShares Semiconductor ETF (NASDAQ:SOXX)

Traynor Capital Management Inc. lessened its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXXGet Rating) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,040 shares of the exchange traded fund’s stock after selling 1,409 shares during the quarter. iShares Semiconductor ETF makes up approximately 2.4% of Traynor Capital Management Inc.’s investment portfolio, making the stock its 7th largest position. Traynor Capital Management Inc.’s holdings in iShares Semiconductor ETF were worth $18,477,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SOXX. FSB Premier Wealth Management Inc. bought a new position in shares of iShares Semiconductor ETF during the 4th quarter worth approximately $30,000. Asset Dedication LLC acquired a new stake in iShares Semiconductor ETF during the 4th quarter valued at $41,000. James Reed Financial Services Inc. bought a new position in iShares Semiconductor ETF during the fourth quarter worth $45,000. Vectors Research Management LLC acquired a new position in shares of iShares Semiconductor ETF in the fourth quarter valued at $46,000. Finally, WASHINGTON TRUST Co bought a new position in shares of iShares Semiconductor ETF in the fourth quarter valued at about $48,000.

Shares of SOXX opened at $359.52 on Thursday. iShares Semiconductor ETF has a 52 week low of $345.92 and a 52 week high of $559.02. The firm’s 50-day simple moving average is $404.43 and its 200 day simple moving average is $459.65.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Friday, June 10th were given a $0.628 dividend. This represents a $2.51 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, June 9th.

iShares Semiconductor ETF Profile (Get Rating)

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).

See Also

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Institutional Ownership by Quarter for iShares Semiconductor ETF (NASDAQ:SOXX)

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