iShares Semiconductor ETF (NASDAQ:SOXX) Reaches New 1-Year High – Should You Buy?

iShares Semiconductor ETF (NASDAQ:SOXX) shares hit a new 52-week high on Wednesday . The company traded as high as $360.55 and last traded at $361.4360, with a volume of 210296 shares changing hands. The stock had previously closed at $351.08.

iShares Semiconductor ETF Stock Performance

The firm has a market capitalization of $21.22 billion, a P/E ratio of 31.84 and a beta of 1.51. The stock’s 50 day simple moving average is $311.60 and its 200 day simple moving average is $282.11.

iShares Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.4363 per share. This represents a $1.75 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, December 16th.

Hedge Funds Weigh In On iShares Semiconductor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bison Wealth LLC bought a new stake in shares of iShares Semiconductor ETF in the fourth quarter valued at about $201,000. AQR Capital Management LLC raised its holdings in shares of iShares Semiconductor ETF by 83.9% in the 1st quarter. AQR Capital Management LLC now owns 2,238 shares of the exchange traded fund’s stock valued at $421,000 after purchasing an additional 1,021 shares in the last quarter. Signaturefd LLC boosted its stake in shares of iShares Semiconductor ETF by 25.0% during the second quarter. Signaturefd LLC now owns 749 shares of the exchange traded fund’s stock valued at $179,000 after purchasing an additional 150 shares in the last quarter. Independence Bank of Kentucky increased its holdings in iShares Semiconductor ETF by 40.1% during the second quarter. Independence Bank of Kentucky now owns 3,496 shares of the exchange traded fund’s stock valued at $834,000 after buying an additional 1,000 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of iShares Semiconductor ETF by 9.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 32,980 shares of the exchange traded fund’s stock valued at $7,872,000 after acquiring an additional 2,980 shares during the period.

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.