iShares Semiconductor ETF (NASDAQ:SOXX) Sets New 12-Month High – Should You Buy?

iShares Semiconductor ETF (NASDAQ:SOXXGet Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $584.50 and last traded at $563.98, with a volume of 11387499 shares. The stock had previously closed at $570.09.

iShares Semiconductor ETF Stock Performance

The company has a market capitalization of $36.55 billion, a P/E ratio of 31.84 and a beta of 1.75. The stock has a 50 day moving average price of $427.42 and a 200 day moving average price of $359.94.

iShares Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were issued a $0.2079 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.83 annualized dividend and a yield of 0.1%.

Institutional Investors Weigh In On iShares Semiconductor ETF

Several large investors have recently added to or reduced their stakes in SOXX. BOKF NA purchased a new stake in iShares Semiconductor ETF in the 4th quarter worth about $30,000. Commonwealth Retirement Investments LLC purchased a new stake in iShares Semiconductor ETF in the 4th quarter worth about $32,000. Wealth Watch Advisors INC increased its holdings in iShares Semiconductor ETF by 278.6% in the 4th quarter. Wealth Watch Advisors INC now owns 106 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 78 shares during the last quarter. Strategic Advocates LLC purchased a new stake in iShares Semiconductor ETF in the 3rd quarter worth about $35,000. Finally, Gould Capital LLC increased its holdings in iShares Semiconductor ETF by 39.2% in the 1st quarter. Gould Capital LLC now owns 110 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 31 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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