iShares Semiconductor ETF Sees Unusually Large Options Volume (NASDAQ:SOXX)

iShares Semiconductor ETF (NASDAQ:SOXXGet Free Report) was the target of some unusual options trading activity on Tuesday. Traders bought 51,897 put options on the company. This is an increase of approximately 67% compared to the average volume of 31,088 put options.

iShares Semiconductor ETF Price Performance

Shares of NASDAQ:SOXX traded down $46.94 during trading hours on Tuesday, hitting $608.07. The company’s stock had a trading volume of 6,922,234 shares, compared to its average volume of 8,017,179. The firm’s fifty day moving average price is $517.99 and its 200 day moving average price is $398.36. iShares Semiconductor ETF has a 52 week low of $230.46 and a 52 week high of $655.95. The company has a market capitalization of $39.40 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80.

iShares Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $0.2827 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. This represents a $1.13 annualized dividend and a yield of 0.2%.

Institutional Trading of iShares Semiconductor ETF

A number of hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in iShares Semiconductor ETF by 20.9% during the 1st 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 acquiring an additional 538,125 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of iShares Semiconductor ETF by 47.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,904,638 shares of the exchange traded fund’s stock worth $874,732,000 after acquiring an additional 941,363 shares in the last quarter. Morgan Stanley raised its position in shares of iShares Semiconductor ETF by 30.0% in the 4th quarter. Morgan Stanley now owns 2,368,608 shares of the exchange traded fund’s stock worth $713,307,000 after acquiring an additional 547,109 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares Semiconductor ETF by 1.7% in the 4th quarter. LPL Financial LLC now owns 1,041,783 shares of the exchange traded fund’s stock worth $313,733,000 after acquiring an additional 17,038 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of iShares Semiconductor ETF by 14.4% during the 4th quarter. Wells Fargo & Company MN now owns 963,663 shares of the exchange traded fund’s stock worth $290,207,000 after purchasing an additional 121,561 shares during the last quarter.

About iShares Semiconductor ETF

(Get Free Report)

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.

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