Gerber Kawasaki Wealth & Investment Management Lowers Stock Holdings in iShares Semiconductor ETF $SOXX

Gerber Kawasaki Wealth & Investment Management decreased its holdings in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 9.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,521 shares of the exchange traded fund’s stock after selling 14,817 shares during the period. iShares Semiconductor ETF comprises approximately 1.3% of Gerber Kawasaki Wealth & Investment Management’s investment portfolio, making the stock its 20th largest holding. Gerber Kawasaki Wealth & Investment Management owned approximately 0.26% of iShares Semiconductor ETF worth $38,369,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bison Wealth LLC purchased a new position in iShares Semiconductor ETF during the fourth quarter valued at $201,000. AQR Capital Management LLC raised its position in shares of iShares Semiconductor ETF by 83.9% during the 1st quarter. AQR Capital Management LLC now owns 2,238 shares of the exchange traded fund’s stock worth $421,000 after purchasing an additional 1,021 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in iShares Semiconductor ETF by 102.6% in the 2nd quarter. Schnieders Capital Management LLC. now owns 3,495 shares of the exchange traded fund’s stock valued at $834,000 after buying an additional 1,770 shares in the last quarter. Huntington National Bank boosted its holdings in iShares Semiconductor ETF by 38,200.0% in the 2nd quarter. Huntington National Bank now owns 383 shares of the exchange traded fund’s stock worth $91,000 after buying an additional 382 shares during the last quarter. Finally, Simplex Trading LLC purchased a new stake in iShares Semiconductor ETF during the 2nd quarter worth approximately $410,000.

iShares Semiconductor ETF Price Performance

NASDAQ SOXX opened at $323.51 on Monday. The stock’s 50 day simple moving average is $341.01 and its 200-day simple moving average is $302.99. The company has a market cap of $19.60 billion, a PE 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 $368.82.

iShares Semiconductor ETF Cuts Dividend

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

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). 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.