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

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

iShares Semiconductor ETF Trading Down 7.9%

The business’s 50-day simple moving average is $522.32 and its 200-day simple moving average is $400.43. The company has a market capitalization of $39.10 billion, a PE ratio of 31.84 and a beta of 1.80.

iShares Semiconductor ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC boosted its holdings in iShares Semiconductor ETF by 4.7% in the first quarter. Western Wealth Management LLC now owns 5,840 shares of the exchange traded fund’s stock valued at $1,919,000 after purchasing an additional 261 shares during the last quarter. S&A Financial Services Inc. acquired a new stake in iShares Semiconductor ETF during the 1st quarter worth about $2,223,000. Parallel Advisors LLC raised its stake in shares of iShares Semiconductor ETF by 97.1% during the 1st quarter. Parallel Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock valued at $378,000 after buying an additional 567 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of iShares Semiconductor ETF by 4.4% during the 1st quarter. NewEdge Advisors LLC now owns 23,030 shares of the exchange traded fund’s stock valued at $7,569,000 after buying an additional 972 shares during the last quarter. Finally, Dala Group LLC acquired a new position in shares of iShares Semiconductor ETF in the 1st quarter valued at about $4,854,000.

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.