Truist Financial Corp Lowers Position in iShares Semiconductor ETF (NASDAQ:SOXX)

Truist Financial Corp lessened its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,991 shares of the exchange traded fund’s stock after selling 1,420 shares during the period. Truist Financial Corp owned about 0.15% of iShares Semiconductor ETF worth $20,470,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SOXX. Compass Financial Services Inc purchased a new stake in iShares Semiconductor ETF in the 4th quarter worth approximately $25,000. Global Trust Asset Management LLC acquired a new position in shares of iShares Semiconductor ETF during the 3rd quarter worth approximately $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of iShares Semiconductor ETF during the 3rd quarter worth approximately $33,000. Truvestments Capital LLC acquired a new position in shares of iShares Semiconductor ETF during the 3rd quarter worth approximately $35,000. Finally, Hollencrest Capital Management raised its stake in shares of iShares Semiconductor ETF by 56.1% during the 3rd quarter. Hollencrest Capital Management now owns 167 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 60 shares during the period.

iShares Semiconductor ETF Price Performance

Shares of SOXX stock opened at $230.53 on Thursday. The company has a market cap of $14.27 billion, a price-to-earnings ratio of 10.60 and a beta of 1.34. The stock has a 50 day simple moving average of $221.68 and a 200-day simple moving average of $222.48. iShares Semiconductor ETF has a 1-year low of $192.87 and a 1-year high of $267.24.

iShares Semiconductor ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.3578 per share. 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).