iShares Semiconductor ETF $SOXX Stock Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. reduced its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 83,808 shares of the exchange traded fund’s stock after selling 1,462 shares during the quarter. iShares Semiconductor ETF accounts for approximately 2.2% of Traynor Capital Management Inc.’s holdings, making the stock its 10th biggest position. Traynor Capital Management Inc. owned about 0.09% of iShares Semiconductor ETF worth $47,657,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of iShares Semiconductor ETF by 20.9% in the first quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock worth $1,023,867,000 after buying an additional 538,125 shares during the last quarter. Bank of Nova Scotia increased its holdings in iShares Semiconductor ETF by 88.5% during the first quarter. Bank of Nova Scotia now owns 851,229 shares of the exchange traded fund’s stock valued at $279,766,000 after buying an additional 399,612 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in iShares Semiconductor ETF during the third quarter valued at approximately $216,839,000. Noked Israel Ltd purchased a new stake in iShares Semiconductor ETF during the first quarter valued at approximately $114,725,000. Finally, Y.D. More Investments Ltd raised its position in iShares Semiconductor ETF by 4,175.2% in the first quarter. Y.D. More Investments Ltd now owns 158,996 shares of the exchange traded fund’s stock worth $52,240,000 after acquiring an additional 155,277 shares during the period.

iShares Semiconductor ETF Price Performance

Shares of iShares Semiconductor ETF stock opened at $471.51 on Monday. The company’s fifty day simple moving average is $529.13 and its 200-day simple moving average is $474.88. The stock has a market capitalization of $44.84 billion, a PE 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.

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

iShares Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a dividend of $0.3250 per share. This represents a $1.30 annualized dividend and a yield of 0.3%. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. The ex-dividend date 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.