Valley Wealth Managers Inc. Trims Stock Holdings in iShares Semiconductor ETF $SOXX

Valley Wealth Managers Inc. reduced its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 12.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,177 shares of the exchange traded fund’s stock after selling 1,456 shares during the period. Valley Wealth Managers Inc.’s holdings in iShares Semiconductor ETF were worth $3,065,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SOXX. Bank of America Corp DE increased its stake in iShares Semiconductor ETF by 7.2% in the second quarter. Bank of America Corp DE now owns 2,357,919 shares of the exchange traded fund’s stock worth $562,835,000 after purchasing an additional 159,203 shares during the period. Foundations Investment Advisors LLC boosted its stake in shares of iShares Semiconductor ETF by 27,470.8% during the third quarter. Foundations Investment Advisors LLC now owns 330,850 shares of the exchange traded fund’s stock valued at $89,700,000 after purchasing an additional 329,650 shares during the period. Barclays PLC grew its holdings in shares of iShares Semiconductor ETF by 80.7% in the third quarter. Barclays PLC now owns 326,144 shares of the exchange traded fund’s stock worth $88,424,000 after purchasing an additional 145,698 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares Semiconductor ETF by 83.2% in the third quarter. JPMorgan Chase & Co. now owns 307,105 shares of the exchange traded fund’s stock worth $83,263,000 after purchasing an additional 139,474 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in iShares Semiconductor ETF by 6.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 301,244 shares of the exchange traded fund’s stock worth $71,934,000 after buying an additional 17,202 shares during the period.

iShares Semiconductor ETF Price Performance

Shares of SOXX opened at $532.76 on Tuesday. The firm has a market capitalization of $34.52 billion, a price-to-earnings ratio of 31.84 and a beta of 1.75. iShares Semiconductor ETF has a 1-year low of $199.93 and a 1-year high of $533.74. The company has a 50-day moving average of $382.00 and a 200 day moving average of $340.78.

iShares Semiconductor ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders 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 dividend on an annualized basis and a dividend 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.