Avondale Wealth Management Sells 1,996 Shares of iShares Semiconductor ETF (NASDAQ:SOXX)

Avondale Wealth Management lessened its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 41.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,825 shares of the exchange traded fund’s stock after selling 1,996 shares during the period. Avondale Wealth Management’s holdings in iShares Semiconductor ETF were worth $609,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of iShares Semiconductor ETF by 410,509.7% in the 3rd quarter. International Assets Investment Management LLC now owns 15,225,408 shares of the exchange traded fund’s stock worth $3,510,827,000 after acquiring an additional 15,221,700 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in iShares Semiconductor ETF by 737.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,010,000 shares of the exchange traded fund’s stock worth $495,726,000 after purchasing an additional 1,770,000 shares during the period. Accredited Investors Inc. grew its stake in iShares Semiconductor ETF by 9,530.8% during the third quarter. Accredited Investors Inc. now owns 227,576 shares of the exchange traded fund’s stock worth $52,477,000 after purchasing an additional 225,213 shares during the period. Mirae Asset Securities USA Inc. increased its holdings in iShares Semiconductor ETF by 60.0% in the third quarter. Mirae Asset Securities USA Inc. now owns 400,000 shares of the exchange traded fund’s stock worth $92,236,000 after purchasing an additional 150,000 shares in the last quarter. Finally, Royal Fund Management LLC lifted its stake in iShares Semiconductor ETF by 266.4% in the third quarter. Royal Fund Management LLC now owns 121,170 shares of the exchange traded fund’s stock valued at $27,941,000 after buying an additional 88,099 shares during the period.

iShares Semiconductor ETF Stock Performance

Shares of SOXX stock traded down $3.93 during trading hours on Friday, hitting $219.61. 1,159,695 shares of the company were exchanged, compared to its average volume of 2,842,245. The company has a 50 day simple moving average of $219.78 and a two-hundred day simple moving average of $226.96. The firm has a market cap of $14.10 billion, a P/E ratio of 10.60 and a beta of 1.34. iShares Semiconductor ETF has a fifty-two week low of $182.97 and a fifty-two week high of $267.24.

iShares Semiconductor ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a $0.3578 dividend. The ex-dividend date was Tuesday, December 17th.

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).