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

iShares Semiconductor ETF (NASDAQ:SOXX)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $360.55 and last traded at $361.4360, with a volume of 210296 shares traded. The stock had previously closed at $351.08.

iShares Semiconductor ETF Stock Performance

The company has a market capitalization of $20.79 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51. The business’s 50 day moving average is $315.04 and its 200 day moving average is $283.20.

iShares Semiconductor ETF Cuts Dividend

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

Institutional Trading of iShares Semiconductor ETF

Large investors have recently bought and sold shares of the business. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of iShares Semiconductor ETF during the 3rd quarter worth $25,000. GFG Capital LLC acquired a new position in shares of iShares Semiconductor ETF in the second quarter worth $32,000. Johnson Financial Group Inc. acquired a new position in iShares Semiconductor ETF during the 2nd quarter worth $32,000. Financial Consulate Inc. acquired a new position in shares of iShares Semiconductor ETF during the third quarter worth about $34,000. Finally, Strategic Advocates LLC acquired a new position in iShares Semiconductor ETF during the 3rd quarter worth approximately $35,000.

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.