iShares Semiconductor ETF (NASDAQ:SOXX) Reaches New 1-Year High – Should You Buy?

iShares Semiconductor ETF (NASDAQ:SOXX)’s share price hit a new 52-week high on Wednesday . The company traded as high as $369.91 and last traded at $367.82, with a volume of 2610307 shares traded. The stock had previously closed at $347.76.

iShares Semiconductor ETF Stock Performance

The stock’s fifty day moving average price is $344.10 and its two-hundred day moving average price is $316.09. The company has a market cap of $22.84 billion, a P/E ratio of 31.84 and a beta of 1.53.

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 was Tuesday, March 17th.

Hedge Funds Weigh In On iShares Semiconductor ETF

A number of institutional investors have recently added to or reduced their stakes in SOXX. Bison Wealth LLC acquired a new position in iShares Semiconductor ETF during the 4th quarter worth approximately $201,000. AQR Capital Management LLC increased its position in iShares Semiconductor ETF by 83.9% during the 1st quarter. AQR Capital Management LLC now owns 2,238 shares of the exchange traded fund’s stock worth $421,000 after purchasing an additional 1,021 shares in the last quarter. Schnieders Capital Management LLC. increased its position in iShares Semiconductor ETF by 102.6% during the 2nd quarter. Schnieders Capital Management LLC. now owns 3,495 shares of the exchange traded fund’s stock worth $834,000 after purchasing an additional 1,770 shares in the last quarter. CW Advisors LLC increased its position in iShares Semiconductor ETF by 140.5% during the 2nd quarter. CW Advisors LLC now owns 3,530 shares of the exchange traded fund’s stock worth $843,000 after purchasing an additional 2,062 shares in the last quarter. Finally, Baird Financial Group Inc. increased its position in iShares Semiconductor ETF by 6.0% during the 2nd quarter. Baird Financial Group Inc. now owns 23,217 shares of the exchange traded fund’s stock worth $5,542,000 after purchasing an additional 1,309 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.