Meridian Wealth Management LLC Cuts Holdings in iShares Semiconductor ETF $SOXX

Meridian Wealth Management LLC trimmed its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,096 shares of the exchange traded fund’s stock after selling 2,172 shares during the period. Meridian Wealth Management LLC’s holdings in iShares Semiconductor ETF were worth $9,064,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SOXX. Bison Wealth LLC bought a new position in iShares Semiconductor ETF during the 4th quarter valued at about $201,000. AQR Capital Management LLC lifted its stake in iShares Semiconductor ETF by 83.9% during the 1st quarter. AQR Capital Management LLC now owns 2,238 shares of the exchange traded fund’s stock valued at $421,000 after acquiring an additional 1,021 shares during the period. Schnieders Capital Management LLC. lifted its stake in iShares Semiconductor ETF by 102.6% during the 2nd quarter. Schnieders Capital Management LLC. now owns 3,495 shares of the exchange traded fund’s stock valued at $834,000 after acquiring an additional 1,770 shares during the period. Amundi bought a new position in iShares Semiconductor ETF during the 2nd quarter valued at about $831,000. Finally, Cerity Partners LLC lifted its stake in iShares Semiconductor ETF by 9.0% during the 2nd quarter. Cerity Partners LLC now owns 5,817 shares of the exchange traded fund’s stock valued at $1,389,000 after acquiring an additional 482 shares during the period.

iShares Semiconductor ETF Stock Performance

SOXX opened at $532.76 on Tuesday. The stock has a market capitalization of $34.52 billion, a P/E ratio of 31.84 and a beta of 1.75. The company’s 50-day simple moving average is $382.00 and its two-hundred day simple moving average is $340.78. iShares Semiconductor ETF has a 52-week low of $199.93 and a 52-week high of $533.74.

iShares Semiconductor ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.2079 per share. 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.