Northwestern Mutual Wealth Management Co. Sells 191,870 Shares of iShares Semiconductor ETF $SOXX

Northwestern Mutual Wealth Management Co. reduced its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 90.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,429 shares of the exchange traded fund’s stock after selling 191,870 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares Semiconductor ETF were worth $6,453,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BOKF NA bought a new position in shares of iShares Semiconductor ETF during the 4th quarter worth approximately $30,000. Strategic Advocates LLC bought a new position in shares of iShares Semiconductor ETF during the 3rd quarter worth approximately $35,000. Optima Capital LLC bought a new position in shares of iShares Semiconductor ETF during the 4th quarter worth approximately $41,000. Wellington Shields & Co. LLC bought a new position in shares of iShares Semiconductor ETF during the 3rd quarter worth approximately $41,000. Finally, Garner Asset Management Corp bought a new position in shares of iShares Semiconductor ETF during the 4th quarter worth approximately $45,000.

iShares Semiconductor ETF Trading Up 2.4%

Shares of NASDAQ SOXX opened at $537.33 on Friday. iShares Semiconductor ETF has a 12 month low of $199.93 and a 12 month high of $541.89. The stock has a 50 day moving average of $413.97 and a 200-day moving average of $354.18. The company has a market capitalization of $34.82 billion, a P/E ratio of 31.84 and a beta of 1.75.

iShares Semiconductor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were paid a $0.2079 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.83 annualized dividend and a yield of 0.2%.

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.