iShares Semiconductor ETF (NASDAQ:SOXX) Hits New 12-Month High – Time to Buy?

iShares Semiconductor ETF (NASDAQ:SOXX) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $259.05 and last traded at $258.58, with a volume of 7536336 shares changing hands. The stock had previously closed at $257.80.

iShares Semiconductor ETF Trading Up 0.3%

The stock has a market cap of $14.30 billion, a price-to-earnings ratio of 31.84 and a beta of 1.34. The stock has a 50-day moving average price of $246.50 and a two-hundred day moving average price of $217.43.

iShares Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th will be given a $0.5407 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 16th. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.48.

Institutional Trading of iShares Semiconductor ETF

A number of institutional investors have recently made changes to their positions in SOXX. BNP Paribas Financial Markets lifted its position in iShares Semiconductor ETF by 220.2% during the 1st quarter. BNP Paribas Financial Markets now owns 968,262 shares of the exchange traded fund’s stock worth $182,198,000 after acquiring an additional 665,867 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its position in iShares Semiconductor ETF by 4,151.3% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 380,062 shares of the exchange traded fund’s stock worth $71,516,000 after acquiring an additional 371,122 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its position in iShares Semiconductor ETF by 4,677.9% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 201,722 shares of the exchange traded fund’s stock worth $48,151,000 after acquiring an additional 197,500 shares during the period. Bank of America Corp DE lifted its position in iShares Semiconductor ETF by 7.2% during 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 acquiring an additional 159,203 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management lifted its position in iShares Semiconductor ETF by 304.7% during the 2nd quarter. Gerber Kawasaki Wealth & Investment Management now owns 156,338 shares of the exchange traded fund’s stock worth $37,317,000 after acquiring an additional 117,703 shares during the period.

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).