iShares Semiconductor ETF (NASDAQ:SOXX) Stock Cross Below 200 Day Moving Average – Time to Sell?

iShares Semiconductor ETF (NASDAQ:SOXX)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $474.88 and traded as low as $460.10. iShares Semiconductor ETF shares last traded at $471.51, with a volume of 18,759,081 shares.

iShares Semiconductor ETF Price Performance

The business’s 50 day moving average price is $529.13 and its 200 day moving average price is $474.88. The stock has a market capitalization of $44.42 billion, a P/E ratio of 31.84 and a beta of 1.80.

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

iShares Semiconductor ETF Increases Dividend

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

Hedge Funds Weigh In On iShares Semiconductor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SOXX. Bank of America Corp DE boosted its holdings in shares of 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 purchasing an additional 538,125 shares during the last quarter. Bank of Nova Scotia raised its holdings 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 valued at $279,766,000 after buying an additional 399,612 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of iShares Semiconductor ETF in the 3rd quarter worth about $216,839,000. Royal Bank of Canada boosted its position in shares of iShares Semiconductor ETF by 28.3% during the first quarter. Royal Bank of Canada now owns 433,384 shares of the exchange traded fund’s stock valued at $142,437,000 after buying an additional 95,669 shares during the period. Finally, Noked Israel Ltd bought a new stake in shares of iShares Semiconductor ETF in the 1st quarter valued at about $114,725,000.

About iShares Semiconductor ETF

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.