iShares Semiconductor ETF (NASDAQ:SOXX) Reaches New 12-Month High – Here’s What Happened

iShares Semiconductor ETF (NASDAQ:SOXX)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $364.52 and last traded at $363.8570, with a volume of 49674 shares traded. The stock had previously closed at $360.20.

iShares Semiconductor ETF Stock Performance

The business has a fifty day simple moving average of $324.91 and a 200 day simple moving average of $289.89. The stock has a market cap of $21.34 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $0.4363 per share. This represents a $1.75 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, December 16th.

Institutional Investors Weigh In On iShares Semiconductor ETF

Several hedge funds have recently modified their holdings of the company. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of iShares Semiconductor ETF during the 3rd quarter worth $25,000. BOKF NA acquired a new position in iShares Semiconductor ETF in the fourth quarter valued at $30,000. Johnson Financial Group Inc. acquired a new position in iShares Semiconductor ETF in the second quarter valued at $32,000. Commonwealth Retirement Investments LLC purchased a new position in iShares Semiconductor ETF during the fourth quarter worth about $32,000. Finally, Financial Consulate Inc. acquired a new stake in iShares Semiconductor ETF in the 3rd quarter worth about $34,000.

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.