iShares Semiconductor ETF $SOXX Position Reduced by Equitable Holdings Inc.

Equitable Holdings Inc. reduced its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 25.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,098 shares of the exchange traded fund’s stock after selling 13,535 shares during the period. Equitable Holdings Inc.’s holdings in iShares Semiconductor ETF were worth $25,693,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SOXX. Bank of America Corp DE raised its stake in iShares Semiconductor ETF by 20.9% during the first quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock valued at $1,023,867,000 after buying an additional 538,125 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in iShares Semiconductor ETF by 47.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,904,638 shares of the exchange traded fund’s stock worth $874,732,000 after purchasing an additional 941,363 shares during the last quarter. Morgan Stanley boosted its holdings in iShares Semiconductor ETF by 30.0% in the fourth quarter. Morgan Stanley now owns 2,368,608 shares of the exchange traded fund’s stock worth $713,307,000 after purchasing an additional 547,109 shares during the period. LPL Financial LLC increased its stake in iShares Semiconductor ETF by 1.7% during the fourth quarter. LPL Financial LLC now owns 1,041,783 shares of the exchange traded fund’s stock valued at $313,733,000 after purchasing an additional 17,038 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in iShares Semiconductor ETF by 14.4% during the fourth quarter. Wells Fargo & Company MN now owns 963,663 shares of the exchange traded fund’s stock valued at $290,207,000 after purchasing an additional 121,561 shares during the last quarter.

iShares Semiconductor ETF Stock Performance

iShares Semiconductor ETF stock opened at $525.43 on Friday. The firm’s 50-day moving average is $551.24 and its 200-day moving average is $474.26. iShares Semiconductor ETF has a 1 year low of $238.15 and a 1 year high of $655.95. The company has a market cap of $47.10 billion, a P/E ratio of 31.84 and a beta of 1.80.

iShares Semiconductor ETF shares are going to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly issued 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 Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $0.2827 dividend. The ex-dividend date was Monday, June 15th. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. This represents a $1.13 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.