Gerber Kawasaki Wealth & Investment Management Purchases 3,234 Shares of iShares Semiconductor ETF $SOXX

Gerber Kawasaki Wealth & Investment Management grew its position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) by 2.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,419 shares of the exchange traded fund’s stock after purchasing an additional 3,234 shares during the period. iShares Semiconductor ETF makes up about 1.7% of Gerber Kawasaki Wealth & Investment Management’s investment portfolio, making the stock its 15th largest position. Gerber Kawasaki Wealth & Investment Management’s holdings in iShares Semiconductor ETF were worth $65,063,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SOXX. Bank of America Corp DE boosted its stake in shares of iShares Semiconductor ETF by 20.9% in the first quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock valued at $1,023,867,000 after purchasing an additional 538,125 shares during the period. Bank of Nova Scotia increased its stake in iShares Semiconductor ETF by 88.5% during the 1st quarter. Bank of Nova Scotia now owns 851,229 shares of the exchange traded fund’s stock worth $279,766,000 after buying an additional 399,612 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in iShares Semiconductor ETF during the 3rd quarter worth $216,839,000. Noked Israel Ltd purchased a new stake in iShares Semiconductor ETF during the 1st quarter worth $114,725,000. Finally, Y.D. More Investments Ltd lifted its holdings in iShares Semiconductor ETF by 4,175.2% in the 1st quarter. Y.D. More Investments Ltd now owns 158,996 shares of the exchange traded fund’s stock worth $52,240,000 after buying an additional 155,277 shares in the last quarter.

iShares Semiconductor ETF Price Performance

NASDAQ:SOXX opened at $453.65 on Tuesday. The firm has a 50-day moving average of $527.80 and a two-hundred day moving average of $475.48. The stock has a market cap of $43.14 billion, a P/E ratio of 31.84 and a beta of 1.80. iShares Semiconductor ETF has a 1-year low of $260.44 and a 1-year high of $655.95.

Shares of iShares Semiconductor ETF are scheduled to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly created shares will be distributed to shareholders after the market closes on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were paid a $0.3250 dividend. This represents a $1.30 annualized dividend and a dividend yield of 0.3%. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. The ex-dividend date was Tuesday, September 15th.

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.