iShares Semiconductor ETF $SOXX Stock: Corrado Advisors LLC Reduces Position

Corrado Advisors LLC trimmed its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 19.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,911 shares of the exchange traded fund’s stock after selling 1,435 shares during the period. iShares Semiconductor ETF comprises approximately 1.7% of Corrado Advisors LLC’s holdings, making the stock its 14th largest holding. Corrado Advisors LLC’s holdings in iShares Semiconductor ETF were worth $3,361,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SOXX. William Mack & Associates Inc. bought a new stake in shares of iShares Semiconductor ETF in the third quarter worth $27,000. Highland Investment Advisors LLC acquired a new stake in iShares Semiconductor ETF in the second quarter valued at $40,000. Triumph Capital Management boosted its stake in iShares Semiconductor ETF by 44.4% during the 2nd quarter. Triumph Capital Management now owns 65 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in iShares Semiconductor ETF by 245.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 69 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 49 shares during the last quarter. Finally, Atomic Invest LLC boosted its stake in iShares Semiconductor ETF by 108.1% during the 2nd quarter. Atomic Invest LLC now owns 77 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 40 shares during the last quarter.

iShares Semiconductor ETF Price Performance

Shares of SOXX stock opened at $521.94 on Thursday. The firm has a market cap of $49.17 billion, a P/E ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a 1-year low of $260.44 and a 1-year high of $655.95. The firm has a fifty day moving average of $530.26 and a two-hundred day moving average of $473.25.

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

iShares Semiconductor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were issued a $0.3250 dividend. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. This represents a $1.30 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, September 15th.

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.