First Horizon Corp Purchases New Stake in iShares Semiconductor ETF $SOXX

First Horizon Corp acquired a new position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,384 shares of the exchange traded fund’s stock, valued at approximately $646,000.

A number of other hedge funds have also made changes to their positions in the stock. MGO One Seven LLC grew its position in iShares Semiconductor ETF by 40.2% during the third quarter. MGO One Seven LLC now owns 1,860 shares of the exchange traded fund’s stock valued at $504,000 after purchasing an additional 533 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of iShares Semiconductor ETF by 83.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the exchange traded fund’s stock valued at $429,000 after buying an additional 719 shares during the period. Aspiriant LLC purchased a new position in shares of iShares Semiconductor ETF during the 3rd quarter valued at $402,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of iShares Semiconductor ETF by 1.2% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,646 shares of the exchange traded fund’s stock valued at $1,260,000 after acquiring an additional 55 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of iShares Semiconductor ETF in the third quarter worth $175,000.

iShares Semiconductor ETF Trading Up 0.9%

Shares of NASDAQ:SOXX opened at $333.30 on Wednesday. The firm has a market cap of $19.66 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51. iShares Semiconductor ETF has a 1 year low of $148.31 and a 1 year high of $336.42. The business has a fifty day simple moving average of $301.71 and a 200 day simple moving average of $275.04.

iShares Semiconductor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a $0.4363 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.75 annualized dividend and a dividend yield of 0.5%.

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). The Index is an equity benchmark for the United States-listed semiconductor stocks. The Index includes companies primarily involved in the design, distribution, manufacture and sale of semiconductors.