Avitas Wealth Management LLC Cuts Stock Position in iShares Semiconductor ETF (NASDAQ:SOXX)

Avitas Wealth Management LLC decreased its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,046 shares of the exchange traded fund’s stock after selling 316 shares during the quarter. Avitas Wealth Management LLC’s holdings in iShares Semiconductor ETF were worth $1,303,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Global Trust Asset Management LLC purchased a new position in shares of iShares Semiconductor ETF in the 3rd quarter worth about $27,000. RPg Family Wealth Advisory LLC bought a new stake in iShares Semiconductor ETF during the 3rd quarter valued at about $33,000. Truvestments Capital LLC purchased a new position in iShares Semiconductor ETF in the third quarter worth about $35,000. Hollencrest Capital Management lifted its stake in shares of iShares Semiconductor ETF by 56.1% in the third quarter. Hollencrest Capital Management now owns 167 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 60 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in shares of iShares Semiconductor ETF during the third quarter valued at approximately $42,000.

iShares Semiconductor ETF Stock Up 1.0 %

Shares of SOXX opened at $216.40 on Wednesday. The firm has a 50 day moving average of $220.68 and a 200 day moving average of $222.91. iShares Semiconductor ETF has a twelve month low of $192.87 and a twelve month high of $267.24. The company has a market capitalization of $13.45 billion, a P/E ratio of 10.60 and a beta of 1.34.

iShares Semiconductor ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.3578 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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).