iShares Semiconductor ETF (NASDAQ:SOXX) Hits New 52-Week High – What’s Next?

iShares Semiconductor ETF (NASDAQ:SOXX)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $368.82 and last traded at $367.62, with a volume of 1275165 shares changing hands. The stock had previously closed at $362.04.

iShares Semiconductor ETF Price Performance

The company has a 50 day moving average of $336.69 and a 200-day moving average of $298.40. The company has a market cap of $21.13 billion, a P/E ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a $0.4363 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.75 annualized dividend and a dividend yield of 0.5%.

Hedge Funds Weigh In On iShares Semiconductor ETF

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in shares of iShares Semiconductor ETF by 47.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,904,638 shares of the exchange traded fund’s stock worth $874,732,000 after purchasing an additional 941,363 shares in the last quarter. Oasis Management Co Ltd. boosted its holdings in iShares Semiconductor ETF by 100.4% in the fourth quarter. Oasis Management Co Ltd. now owns 3,100 shares of the exchange traded fund’s stock worth $934,000 after acquiring an additional 804,400 shares in the last quarter. Morgan Stanley increased its holdings in shares of iShares Semiconductor ETF by 30.0% during the fourth quarter. Morgan Stanley now owns 2,368,608 shares of the exchange traded fund’s stock valued at $713,307,000 after acquiring an additional 547,109 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of iShares Semiconductor ETF by 5,159.3% during the 4th quarter. Bank of Nova Scotia now owns 451,617 shares of the exchange traded fund’s stock valued at $136,005,000 after buying an additional 443,030 shares during the period. Finally, Foundations Investment Advisors LLC boosted its stake in shares of iShares Semiconductor ETF by 27,470.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 330,850 shares of the exchange traded fund’s stock worth $89,700,000 after buying an additional 329,650 shares during the last quarter.

iShares Semiconductor ETF Company Profile

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.