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

iShares Semiconductor ETF (NASDAQ:SOXX) reached a new 52-week high during trading on Monday . The company traded as high as $653.69 and last traded at $653.69, with a volume of 241912 shares trading hands. The stock had previously closed at $639.45.

iShares Semiconductor ETF Stock Up 2.2%

The business’s fifty day moving average is $512.46 and its 200-day moving average is $395.88. The stock has a market capitalization of $42.35 billion, a PE ratio of 31.84 and a beta of 1.80.

iShares Semiconductor ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a $0.2827 dividend. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 15th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 0.2%.

Institutional Trading of iShares Semiconductor ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its position in iShares Semiconductor ETF by 20.9% during the first quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock valued at $1,023,867,000 after acquiring an additional 538,125 shares during the period. Goldman Sachs Group Inc. lifted its stake 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 valued at $874,732,000 after purchasing an additional 941,363 shares in the last quarter. Morgan Stanley lifted its stake in shares of iShares Semiconductor ETF by 30.0% in the 4th quarter. Morgan Stanley now owns 2,368,608 shares of the exchange traded fund’s stock valued at $713,307,000 after purchasing an additional 547,109 shares in the last quarter. LPL Financial LLC grew its holdings in shares of iShares Semiconductor ETF by 1.7% during the 4th quarter. LPL Financial LLC now owns 1,041,783 shares of the exchange traded fund’s stock worth $313,733,000 after purchasing an additional 17,038 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of iShares Semiconductor ETF by 14.4% during the 4th quarter. Wells Fargo & Company MN now owns 963,663 shares of the exchange traded fund’s stock worth $290,207,000 after purchasing an additional 121,561 shares during the period.

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.