Gerber Kawasaki Wealth & Investment Management Buys 3,622 Shares of iShares Semiconductor ETF $SOXX

Gerber Kawasaki Wealth & Investment Management lifted its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,143 shares of the exchange traded fund’s stock after purchasing an additional 3,622 shares during the quarter. iShares Semiconductor ETF comprises approximately 1.5% of Gerber Kawasaki Wealth & Investment Management’s holdings, making the stock its 17th largest position. Gerber Kawasaki Wealth & Investment Management owned 0.24% of iShares Semiconductor ETF worth $43,709,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Greenberg Financial Group bought a new position in iShares Semiconductor ETF in the 4th quarter valued at approximately $843,000. Sava Penzisko Drushtvo A.D. Skopje bought a new position in iShares Semiconductor ETF in the 3rd quarter valued at approximately $12,275,000. Moulton Wealth Management Inc. bought a new position in iShares Semiconductor ETF in the 4th quarter valued at approximately $5,773,000. Optiver Holding B.V. lifted its position in iShares Semiconductor ETF by 2,968.6% in the 3rd quarter. Optiver Holding B.V. now owns 20,222 shares of the exchange traded fund’s stock valued at $5,483,000 after acquiring an additional 19,563 shares in the last quarter. Finally, Eagle Strategies LLC bought a new position in iShares Semiconductor ETF in the 4th quarter valued at approximately $526,000.

iShares Semiconductor ETF Trading Up 1.6%

SOXX stock opened at $596.25 on Friday. The stock has a market capitalization of $38.64 billion, a PE ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a 12-month low of $220.30 and a 12-month high of $618.84. The stock’s 50 day simple moving average is $485.32 and its 200 day simple moving average is $383.63.

iShares Semiconductor ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a $0.2079 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.83 annualized dividend and a yield of 0.1%.

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). 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.