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

Gerber Kawasaki Wealth & Investment Management raised its stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 2.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 145,143 shares of the exchange traded fund’s stock after buying an additional 3,622 shares during the quarter. iShares Semiconductor ETF makes up about 1.5% of Gerber Kawasaki Wealth & Investment Management’s holdings, making the stock its 17th largest holding. Gerber Kawasaki Wealth & Investment Management’s holdings in iShares Semiconductor ETF were worth $43,709,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SOXX. BOKF NA purchased a new stake in iShares Semiconductor ETF during the 4th quarter valued at $30,000. Commonwealth Retirement Investments LLC purchased a new stake in iShares Semiconductor ETF during the 4th quarter valued at $32,000. Strategic Advocates LLC purchased a new stake in iShares Semiconductor ETF during the 3rd quarter valued at $35,000. Optima Capital LLC purchased a new stake in iShares Semiconductor ETF during the 4th quarter valued at $41,000. Finally, Rossby Financial LCC purchased a new stake in iShares Semiconductor ETF during the 4th quarter valued at $42,000.

iShares Semiconductor ETF Trading Up 1.6%

Shares of SOXX opened at $596.25 on Friday. The firm has a market cap of $38.64 billion, a PE ratio of 31.84 and a beta of 1.80. The firm has a fifty day simple moving average of $485.32 and a two-hundred day simple moving average of $383.63. iShares Semiconductor ETF has a 1-year low of $220.30 and a 1-year high of $618.84.

iShares Semiconductor ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.2079 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.83 dividend on an annualized basis and a yield of 0.1%.

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.