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

iShares Semiconductor ETF (NASDAQ:SOXX)’s stock price reached a new 52-week high on Friday . The company traded as high as $464.83 and last traded at $460.83, with a volume of 1866219 shares traded. The stock had previously closed at $461.44.

iShares Semiconductor ETF Trading Up 0.9%

The firm has a market capitalization of $30.68 billion, a price-to-earnings ratio of 31.84 and a beta of 1.53. The stock’s 50 day moving average price is $367.36 and its two-hundred day moving average price is $332.42.

iShares Semiconductor ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were paid a $0.2079 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 17th.

Institutional Investors Weigh In On iShares Semiconductor ETF

A number of large investors have recently added to or reduced their stakes in SOXX. Barnes Dennig Private Wealth Management LLC acquired a new stake in iShares Semiconductor ETF in the 3rd quarter valued at about $25,000. BOKF NA acquired a new stake in iShares Semiconductor ETF in the 4th quarter valued at about $30,000. Commonwealth Retirement Investments LLC acquired a new stake in iShares Semiconductor ETF in the 4th quarter valued at about $32,000. Wealth Watch Advisors INC grew its stake in iShares Semiconductor ETF by 278.6% in the 4th quarter. Wealth Watch Advisors INC now owns 106 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 78 shares during the last quarter. Finally, Financial Consulate Inc. acquired a new stake in iShares Semiconductor ETF in the 3rd quarter valued at about $34,000.

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.