Traynor Capital Management Inc. Sells 3,715 Shares of iShares Semiconductor ETF (NASDAQ:SOXX)

Traynor Capital Management Inc. cut its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,773 shares of the exchange traded fund’s stock after selling 3,715 shares during the quarter. Traynor Capital Management Inc. owned approximately 0.05% of iShares Semiconductor ETF worth $7,062,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Patriot Investment Management Group Inc. boosted its position in iShares Semiconductor ETF by 1.7% during the third quarter. Patriot Investment Management Group Inc. now owns 2,702 shares of the exchange traded fund’s stock worth $623,000 after purchasing an additional 45 shares during the period. Integrity Financial Corp WA grew its position in shares of iShares Semiconductor ETF by 34.4% in the third quarter. Integrity Financial Corp WA now owns 207 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 53 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in iShares Semiconductor ETF by 4.9% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,127 shares of the exchange traded fund’s stock worth $260,000 after purchasing an additional 53 shares during the period. KCM Investment Advisors LLC increased its holdings in iShares Semiconductor ETF by 3.5% during the 3rd quarter. KCM Investment Advisors LLC now owns 1,740 shares of the exchange traded fund’s stock worth $401,000 after acquiring an additional 59 shares during the period. Finally, Hollencrest Capital Management grew its position in iShares Semiconductor ETF by 56.1% during 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.

iShares Semiconductor ETF Price Performance

Shares of SOXX opened at $235.81 on Thursday. iShares Semiconductor ETF has a 1-year low of $192.87 and a 1-year high of $267.24. The company has a market capitalization of $15.21 billion, a P/E ratio of 10.60 and a beta of 1.34. The firm’s 50 day simple moving average is $219.93 and its 200 day simple moving average is $225.36.

iShares Semiconductor ETF Cuts Dividend

The business also recently disclosed 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.

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).