Lake Hills Wealth Management LLC Sells 2,778 Shares of iShares Semiconductor ETF $SOXX

Lake Hills Wealth Management LLC lessened its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 18.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,218 shares of the exchange traded fund’s stock after selling 2,778 shares during the period. iShares Semiconductor ETF accounts for approximately 3.2% of Lake Hills Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position. Lake Hills Wealth Management LLC’s holdings in iShares Semiconductor ETF were worth $6,948,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SOXX. NWF Advisory Services Inc. purchased a new stake in shares of iShares Semiconductor ETF in the second quarter valued at approximately $1,065,000. Centerpoint Advisory Group acquired a new position in iShares Semiconductor ETF during the first quarter worth $474,000. Squarepoint Ops LLC grew its holdings in iShares Semiconductor ETF by 2,421.8% in the 2nd quarter. Squarepoint Ops LLC now owns 41,610 shares of the exchange traded fund’s stock valued at $26,662,000 after buying an additional 39,960 shares in the last quarter. Camarda Financial Advisors LLC purchased a new stake in iShares Semiconductor ETF in the 2nd quarter valued at $769,000. Finally, Allen Mooney & Barnes Investment Advisors LLC acquired a new stake in shares of iShares Semiconductor ETF in the 2nd quarter worth $17,524,000.

iShares Semiconductor ETF Stock Performance

Shares of SOXX stock traded down $8.27 on Wednesday, hitting $581.18. 2,968,294 shares of the stock traded hands, compared to its average volume of 8,199,705. The firm’s 50-day moving average price is $533.03 and its two-hundred day moving average price is $512.03. The stock has a market capitalization of $48.18 billion, a PE ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a twelve month low of $260.44 and a twelve month high of $655.95.

iShares Semiconductor ETF’s stock is set to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a $0.3250 dividend. This represents a $1.30 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, September 15th. This is a positive change 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.