Perigon Wealth Management LLC Lowers Position in iShares Semiconductor ETF $SOXX

Perigon Wealth Management LLC lessened its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 72.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,230 shares of the exchange traded fund’s stock after selling 3,217 shares during the quarter. Perigon Wealth Management LLC’s holdings in iShares Semiconductor ETF were worth $370,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SOXX. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of iShares Semiconductor ETF in the third quarter worth $25,000. Financial Consulate Inc. purchased a new stake in iShares Semiconductor ETF during the third quarter valued at $34,000. Strategic Advocates LLC purchased a new stake in iShares Semiconductor ETF during the third quarter valued at $35,000. Wellington Shields & Co. LLC purchased a new stake in iShares Semiconductor ETF during the third quarter valued at $41,000. Finally, Blue Trust Inc. raised its stake in iShares Semiconductor ETF by 39.6% during the third quarter. Blue Trust Inc. now owns 155 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 44 shares in the last quarter.

iShares Semiconductor ETF Stock Up 2.2%

iShares Semiconductor ETF stock opened at $378.63 on Friday. The company has a market cap of $23.83 billion, a price-to-earnings ratio of 31.84 and a beta of 1.53. The firm’s fifty day moving average is $344.65 and its 200 day moving average is $316.90. iShares Semiconductor ETF has a 52-week low of $160.26 and a 52-week high of $378.95.

iShares Semiconductor ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were paid a dividend of $0.2079 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.83 dividend on an annualized basis and a yield of 0.2%.

iShares Semiconductor ETF Company 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.