Kovack Advisors Inc. Sells 396 Shares of iShares Semiconductor ETF (NASDAQ:SOXX)

Kovack Advisors Inc. lowered its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,136 shares of the exchange traded fund’s stock after selling 396 shares during the period. Kovack Advisors Inc.’s holdings in iShares Semiconductor ETF were worth $1,107,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Compass Financial Services Inc purchased a new stake in iShares Semiconductor ETF during the 4th quarter worth about $25,000. RPg Family Wealth Advisory LLC bought a new stake in shares of iShares Semiconductor ETF during the third quarter valued at about $33,000. Truvestments Capital LLC purchased a new stake in shares of iShares Semiconductor ETF in the third quarter worth about $35,000. Hollencrest Capital Management boosted its position 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 valued at $39,000 after acquiring an additional 60 shares during the period. Finally, Morse Asset Management Inc purchased a new position in iShares Semiconductor ETF during the third quarter valued at approximately $42,000.

iShares Semiconductor ETF Trading Down 5.8 %

iShares Semiconductor ETF stock opened at $205.25 on Friday. iShares Semiconductor ETF has a 1-year low of $192.87 and a 1-year high of $267.24. The firm has a market capitalization of $12.70 billion, a PE ratio of 10.60 and a beta of 1.34. The firm’s 50 day simple moving average is $221.65 and its 200 day simple moving average is $223.00.

iShares Semiconductor ETF Cuts Dividend

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

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).