iShares Semiconductor ETF (NASDAQ:SOXX) Sets New 12-Month High – Here’s Why

iShares Semiconductor ETF (NASDAQ:SOXX)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $346.43 and last traded at $348.9850, with a volume of 1661612 shares trading hands. The stock had previously closed at $337.35.

iShares Semiconductor ETF Stock Performance

The company has a market cap of $20.58 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51. The firm’s 50-day moving average price is $305.65 and its 200 day moving average price is $278.47.

iShares Semiconductor ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a $0.4363 dividend. This represents a $1.75 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, December 16th.

Hedge Funds Weigh In On iShares Semiconductor ETF

Several hedge funds have recently added to or reduced their stakes in SOXX. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of iShares Semiconductor ETF in the 3rd quarter valued at about $25,000. GFG Capital LLC bought a new position in shares of iShares Semiconductor ETF during the second quarter worth $32,000. Johnson Financial Group Inc. bought a new stake in shares of iShares Semiconductor ETF in the 2nd quarter valued at $32,000. Financial Consulate Inc. acquired a new stake in iShares Semiconductor ETF during the 3rd quarter worth $34,000. Finally, Strategic Advocates LLC bought a new position in iShares Semiconductor ETF during the third quarter worth about $35,000.

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.