Gerber Kawasaki Wealth & Investment Management Reduces Stock Position in iShares Semiconductor ETF $SOXX

Gerber Kawasaki Wealth & Investment Management lessened its stake in iShares Semiconductor ETF (NASDAQ:SOXX) by 9.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 141,521 shares of the exchange traded fund’s stock after selling 14,817 shares during the period. iShares Semiconductor ETF makes up about 1.3% of Gerber Kawasaki Wealth & Investment Management’s investment portfolio, making the stock its 20th biggest position. Gerber Kawasaki Wealth & Investment Management’s holdings in iShares Semiconductor ETF were worth $38,369,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stratos Wealth Advisors LLC grew its holdings in iShares Semiconductor ETF by 1.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 2,135 shares of the exchange traded fund’s stock valued at $579,000 after buying an additional 36 shares in the last quarter. Modera Wealth Management LLC grew its holdings in shares of iShares Semiconductor ETF by 4.2% in the third quarter. Modera Wealth Management LLC now owns 1,003 shares of the exchange traded fund’s stock valued at $272,000 after purchasing an additional 40 shares during the period. American Institute for Advanced Investment Management LLP increased its position in iShares Semiconductor ETF by 3.5% during the third quarter. American Institute for Advanced Investment Management LLP now owns 1,183 shares of the exchange traded fund’s stock worth $321,000 after purchasing an additional 40 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in iShares Semiconductor ETF by 0.4% during the third quarter. Koshinski Asset Management Inc. now owns 9,685 shares of the exchange traded fund’s stock worth $2,626,000 after purchasing an additional 41 shares during the period. Finally, Condor Capital Management boosted its holdings in iShares Semiconductor ETF by 0.4% in the 2nd quarter. Condor Capital Management now owns 9,876 shares of the exchange traded fund’s stock valued at $2,357,000 after purchasing an additional 43 shares during the last quarter.

iShares Semiconductor ETF Price Performance

iShares Semiconductor ETF stock opened at $323.51 on Monday. The firm has a 50 day simple moving average of $341.01 and a 200-day simple moving average of $302.99. The stock has a market cap of $19.60 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 $368.82.

iShares Semiconductor ETF Cuts Dividend

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

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.