iShares Semiconductor ETF (NASDAQ:SOXX) Hits New 1-Year High – Still a Buy?

Shares of iShares Semiconductor ETF (NASDAQ:SOXX) reached a new 52-week high on Thursday . The company traded as high as $506.94 and last traded at $506.87, with a volume of 9648868 shares trading hands. The stock had previously closed at $482.73.

iShares Semiconductor ETF Stock Performance

The company has a market cap of $32.85 billion, a P/E ratio of 31.84 and a beta of 1.75. The stock has a 50-day moving average of $372.82 and a two-hundred day moving average of $336.04.

iShares Semiconductor ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a dividend of $0.2079 per share. 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. increased its position in iShares Semiconductor ETF by 12.6% during the 1st quarter. Valley Wealth Managers Inc. now owns 11,458 shares of the exchange traded fund’s stock valued at $3,766,000 after buying an additional 1,281 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in iShares Semiconductor ETF by 18.2% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 571 shares of the exchange traded fund’s stock valued at $188,000 after buying an additional 88 shares in the last quarter. Quadrant Private Wealth Management LLC bought a new position in iShares Semiconductor ETF during the 1st quarter valued at approximately $411,000. Kesler Norman & Wride LLC increased its position in iShares Semiconductor ETF by 155.8% during the 1st quarter. Kesler Norman & Wride LLC now owns 1,724 shares of the exchange traded fund’s stock valued at $567,000 after buying an additional 1,050 shares in the last quarter. Finally, Assetmark Inc. increased its position in iShares Semiconductor ETF by 5.4% during the 1st quarter. Assetmark Inc. now owns 6,048 shares of the exchange traded fund’s stock valued at $1,988,000 after buying an additional 311 shares in 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.