iShares Semiconductor ETF (NASDAQ:SOXX) Sets New 52-Week High – Should You Buy?

iShares Semiconductor ETF (NASDAQ:SOXX) reached a new 52-week high during trading on Thursday . The company traded as high as $364.52 and last traded at $363.8570, with a volume of 49674 shares trading hands. The stock had previously closed at $360.20.

iShares Semiconductor ETF Stock Performance

The company’s fifty day moving average price is $324.91 and its two-hundred day moving average price is $289.89. The firm has a market capitalization of $21.34 billion, a PE ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Cuts Dividend

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

Institutional Trading of iShares Semiconductor ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SOXX. Bison Wealth LLC purchased a new position in shares of iShares Semiconductor ETF in the 4th quarter worth about $201,000. AQR Capital Management LLC grew its stake in iShares Semiconductor ETF by 83.9% during the first quarter. AQR Capital Management LLC now owns 2,238 shares of the exchange traded fund’s stock worth $421,000 after buying an additional 1,021 shares during the period. US Bancorp DE increased its position in shares of iShares Semiconductor ETF by 5.9% in the second quarter. US Bancorp DE now owns 14,655 shares of the exchange traded fund’s stock worth $3,498,000 after acquiring an additional 815 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of iShares Semiconductor ETF by 57.6% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,707 shares of the exchange traded fund’s stock valued at $407,000 after acquiring an additional 624 shares during the period. Finally, CWM LLC raised its stake in shares of iShares Semiconductor ETF by 1.0% in the 2nd quarter. CWM LLC now owns 4,846 shares of the exchange traded fund’s stock valued at $1,157,000 after acquiring an additional 49 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.