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

Shares of iShares Semiconductor ETF (NASDAQ:SOXX) reached a new 52-week high on Friday . The stock traded as high as $534.79 and last traded at $532.49, with a volume of 497554 shares traded. The stock had previously closed at $524.71.

iShares Semiconductor ETF Stock Performance

The firm’s 50-day moving average is $410.07 and its two-hundred day moving average is $352.89. The stock has a market cap of $34.84 billion, a P/E ratio of 31.84 and a beta of 1.75.

iShares Semiconductor ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were given a dividend of $0.2079 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.83 annualized dividend and a dividend yield of 0.2%.

Institutional Trading of iShares Semiconductor ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Western Wealth Management LLC raised its position in shares of iShares Semiconductor ETF by 4.7% during the 1st quarter. Western Wealth Management LLC now owns 5,840 shares of the exchange traded fund’s stock valued at $1,919,000 after acquiring an additional 261 shares during the last quarter. Sonoma Allocations LLC bought a new stake in shares of iShares Semiconductor ETF during the 1st quarter valued at $366,000. Bank of America Corp DE raised its position 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 acquiring an additional 538,125 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of iShares Semiconductor ETF during the 1st quarter valued at $2,439,000. Finally, Arkadios Wealth Advisors raised its position in shares of iShares Semiconductor ETF by 1.9% during the 1st quarter. Arkadios Wealth Advisors now owns 2,997 shares of the exchange traded fund’s stock valued at $985,000 after acquiring an additional 55 shares during the last quarter.

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.