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

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

iShares Semiconductor ETF Trading Down 1.1%

The company has a market cap of $36.55 billion, a price-to-earnings ratio of 31.84 and a beta of 1.75. The firm’s 50-day moving average price is $427.42 and its 200 day moving average price is $359.94.

iShares Semiconductor ETF Cuts Dividend

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

Institutional Trading of iShares Semiconductor ETF

Several large investors have recently modified their holdings of the stock. Greenberg Financial Group bought a new stake in shares of iShares Semiconductor ETF during the 4th quarter worth $843,000. Moulton Wealth Management Inc. bought a new stake in shares of iShares Semiconductor ETF during the 4th quarter worth $5,773,000. Sava Penzisko Drushtvo A.D. Skopje bought a new stake in shares of iShares Semiconductor ETF during the 3rd quarter worth $12,275,000. Eagle Strategies LLC bought a new stake in shares of iShares Semiconductor ETF during the 4th quarter worth $526,000. Finally, Optiver Holding B.V. raised its stake in shares of iShares Semiconductor ETF by 2,968.6% during the 3rd quarter. Optiver Holding B.V. now owns 20,222 shares of the exchange traded fund’s stock worth $5,483,000 after purchasing an additional 19,563 shares during the period.

iShares Semiconductor ETF Company 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.