iShares Semiconductor ETF (NASDAQ:SOXX) Hits New 12-Month High – Still a Buy?

iShares Semiconductor ETF (NASDAQ:SOXX) shares hit a new 52-week high on Monday . The stock traded as high as $320.47 and last traded at $319.5130, with a volume of 87254 shares traded. The stock had previously closed at $313.69.

iShares Semiconductor ETF Trading Up 3.2%

The firm’s fifty day moving average price is $299.50 and its two-hundred day moving average price is $271.80. The stock has a market capitalization of $19.11 billion, a PE ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid 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.

Institutional Trading of iShares Semiconductor ETF

Several institutional investors have recently bought and sold shares of the business. Bison Wealth LLC purchased a new position in shares of iShares Semiconductor ETF during the 4th quarter valued at approximately $201,000. AQR Capital Management LLC raised its position 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 acquiring an additional 1,021 shares during the period. Signature Estate & Investment Advisors LLC lifted its holdings in iShares Semiconductor ETF by 4.7% during the first quarter. Signature Estate & Investment Advisors LLC now owns 1,194 shares of the exchange traded fund’s stock valued at $225,000 after purchasing an additional 54 shares in the last quarter. Anchor Investment Management LLC lifted its holdings in iShares Semiconductor ETF by 2.3% during the first quarter. Anchor Investment Management LLC now owns 18,399 shares of the exchange traded fund’s stock valued at $3,462,000 after purchasing an additional 408 shares in the last quarter. Finally, RB Capital Management LLC grew its position in shares of iShares Semiconductor ETF by 2.7% in the second quarter. RB Capital Management LLC now owns 2,033 shares of the exchange traded fund’s stock valued at $485,000 after purchasing an additional 53 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.