Foundations Investment Advisors LLC Sells 1,476 Shares of iShares Semiconductor ETF (NASDAQ:SOXX)

Foundations Investment Advisors LLC reduced its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 23.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,717 shares of the exchange traded fund’s stock after selling 1,476 shares during the period. Foundations Investment Advisors LLC’s holdings in iShares Semiconductor ETF were worth $1,163,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Keystone Financial Group raised its holdings in shares of iShares Semiconductor ETF by 2.7% during the 4th quarter. Keystone Financial Group now owns 1,580 shares of the exchange traded fund’s stock worth $911,000 after buying an additional 41 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in iShares Semiconductor ETF by 0.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 5,481 shares of the exchange traded fund’s stock valued at $1,352,000 after purchasing an additional 45 shares during the last quarter. White Lighthouse Investment Management Inc. boosted its position in iShares Semiconductor ETF by 2.7% in the second quarter. White Lighthouse Investment Management Inc. now owns 1,686 shares of the exchange traded fund’s stock valued at $416,000 after buying an additional 45 shares in the last quarter. Theory Financial LLC grew its stake in shares of iShares Semiconductor ETF by 0.7% during the fourth quarter. Theory Financial LLC now owns 7,472 shares of the exchange traded fund’s stock worth $4,305,000 after buying an additional 49 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of iShares Semiconductor ETF by 2.7% during the fourth quarter. Franklin Resources Inc. now owns 1,895 shares of the exchange traded fund’s stock worth $1,092,000 after buying an additional 49 shares in the last quarter.

iShares Semiconductor ETF Stock Performance

Shares of SOXX opened at $213.05 on Friday. The stock has a market capitalization of $13.42 billion, a price-to-earnings ratio of 10.60 and a beta of 1.34. iShares Semiconductor ETF has a 52 week low of $144.40 and a 52 week high of $267.24. The stock has a fifty day moving average of $233.86 and a 200-day moving average of $228.99.

iShares Semiconductor ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were paid a dividend of $0.3103 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Tuesday, June 11th.

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).