Wellington Shields Capital Management LLC Trims Position in iShares Semiconductor ETF $SOXX

Wellington Shields Capital Management LLC trimmed its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 46.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 23,605 shares of the exchange traded fund’s stock after selling 20,521 shares during the period. iShares Semiconductor ETF accounts for approximately 1.0% of Wellington Shields Capital Management LLC’s portfolio, making the stock its 22nd largest position. Wellington Shields Capital Management LLC’s holdings in iShares Semiconductor ETF were worth $5,635,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in shares of iShares Semiconductor ETF by 220.2% in the first quarter. BNP Paribas Financial Markets now owns 968,262 shares of the exchange traded fund’s stock valued at $182,198,000 after buying an additional 665,867 shares during the last quarter. LPL Financial LLC raised its holdings in iShares Semiconductor ETF by 7.3% during the first quarter. LPL Financial LLC now owns 843,995 shares of the exchange traded fund’s stock worth $158,815,000 after purchasing an additional 57,350 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in iShares Semiconductor ETF by 4,151.3% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 380,062 shares of the exchange traded fund’s stock worth $71,516,000 after purchasing an additional 371,122 shares in the last quarter. Raymond James Financial Inc. raised its holdings in iShares Semiconductor ETF by 7.0% during the first quarter. Raymond James Financial Inc. now owns 345,761 shares of the exchange traded fund’s stock worth $65,062,000 after purchasing an additional 22,675 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in iShares Semiconductor ETF by 1.8% during the first quarter. Ameriprise Financial Inc. now owns 284,042 shares of the exchange traded fund’s stock worth $53,444,000 after purchasing an additional 5,107 shares in the last quarter.

iShares Semiconductor ETF Stock Up 0.4%

NASDAQ SOXX opened at $306.55 on Monday. The stock has a market capitalization of $16.25 billion, a P/E ratio of 31.84 and a beta of 1.51. iShares Semiconductor ETF has a 52-week low of $148.31 and a 52-week high of $312.79. The firm has a 50-day moving average price of $272.04 and a 200 day moving average price of $239.52.

iShares Semiconductor ETF Increases Dividend

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

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).