HighTower Advisors LLC Invests $325,000 in Strive U.S. Semiconductor ETF (NYSEARCA:SHOC)

HighTower Advisors LLC acquired a new stake in shares of Strive U.S. Semiconductor ETF (NYSEARCA:SHOC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,070 shares of the company’s stock, valued at approximately $325,000. HighTower Advisors LLC owned 0.49% of Strive U.S. Semiconductor ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of SHOC. Brookstone Capital Management boosted its holdings in shares of Strive U.S. Semiconductor ETF by 14.7% during the fourth quarter. Brookstone Capital Management now owns 9,946 shares of the company’s stock worth $457,000 after purchasing an additional 1,272 shares during the last quarter. Spire Wealth Management purchased a new position in Strive U.S. Semiconductor ETF during the fourth quarter worth about $165,000. Jane Street Group LLC acquired a new stake in Strive U.S. Semiconductor ETF in the 3rd quarter worth about $250,000. Finally, Holistic Planning LLC purchased a new stake in Strive U.S. Semiconductor ETF in the 4th quarter valued at about $521,000.

Strive U.S. Semiconductor ETF Price Performance

Shares of SHOC stock opened at $39.87 on Wednesday. The firm’s 50-day simple moving average is $44.66 and its 200-day simple moving average is $45.95. Strive U.S. Semiconductor ETF has a 1-year low of $38.50 and a 1-year high of $54.67. The firm has a market cap of $69.77 million, a P/E ratio of 32.40 and a beta of 1.62.

Strive U.S. Semiconductor ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 28th were given a $0.0298 dividend. The ex-dividend date was Friday, March 28th.

About Strive U.S. Semiconductor ETF

The Strive U.S. Semiconductor ETF (SHOC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market cap-weighted index of the 30 largest semiconductor companies in the US equity market. SHOC was launched on Oct 6, 2022 and is managed by Strive.