iShares Semiconductor ETF (NASDAQ:SOXX) Reaches New 1-Year High – Here’s Why

iShares Semiconductor ETF (NASDAQ:SOXX) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $464.83 and last traded at $460.83, with a volume of 1866219 shares. The stock had previously closed at $461.44.

iShares Semiconductor ETF Stock Performance

The firm has a market cap of $30.18 billion, a P/E ratio of 31.84 and a beta of 1.75. The firm has a fifty day moving average of $367.36 and a 200-day moving average of $332.75.

iShares Semiconductor ETF Cuts Dividend

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

Institutional Trading of iShares Semiconductor ETF

Several hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its holdings 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 during the last quarter. Morgan Stanley lifted its holdings 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 worth $713,307,000 after purchasing an additional 547,109 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of iShares Semiconductor ETF by 7.2% in the 2nd quarter. Bank of America Corp DE now owns 2,357,919 shares of the exchange traded fund’s stock worth $562,835,000 after purchasing an additional 159,203 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of iShares Semiconductor ETF by 1.7% in 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 last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of iShares Semiconductor ETF by 14.4% in 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 last quarter.

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.