Forte Asset Management LLC Has $2.13 Million Position in iShares Semiconductor ETF $SOXX

Forte Asset Management LLC cut its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 30.1% in the second quarter, Holdings Channel.com reports. The fund owned 8,930 shares of the exchange traded fund’s stock after selling 3,841 shares during the quarter. Forte Asset Management LLC’s holdings in iShares Semiconductor ETF were worth $2,132,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC acquired a new stake in shares of iShares Semiconductor ETF in the second quarter worth $258,000. Insight Wealth Partners LLC lifted its stake in shares of iShares Semiconductor ETF by 3.9% in the second quarter. Insight Wealth Partners LLC now owns 7,966 shares of the exchange traded fund’s stock worth $1,902,000 after buying an additional 296 shares during the last quarter. Carrera Capital Advisors acquired a new stake in shares of iShares Semiconductor ETF in the second quarter worth $448,000. Sharper & Granite LLC lifted its stake in shares of iShares Semiconductor ETF by 103.1% in the second quarter. Sharper & Granite LLC now owns 5,842 shares of the exchange traded fund’s stock worth $1,415,000 after buying an additional 2,965 shares during the last quarter. Finally, WFA Asset Management Corp lifted its stake in shares of iShares Semiconductor ETF by 72.5% in the second quarter. WFA Asset Management Corp now owns 2,049 shares of the exchange traded fund’s stock worth $505,000 after buying an additional 861 shares during the last quarter.

iShares Semiconductor ETF Trading Up 1.6%

Shares of iShares Semiconductor ETF stock opened at $295.86 on Friday. The firm has a fifty day simple moving average of $266.02 and a 200-day simple moving average of $234.02. iShares Semiconductor ETF has a 1-year low of $148.31 and a 1-year high of $298.22. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of 31.84 and a beta of 1.34.

iShares Semiconductor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were paid a $0.5407 dividend. The ex-dividend date was Tuesday, September 16th. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.48. This represents a $2.16 dividend on an annualized basis and a dividend yield of 0.7%.

iShares Semiconductor ETF 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).