iShares Semiconductor ETF (NASDAQ:SOXX) Reaches New 52-Week High – Here’s Why

Shares of iShares Semiconductor ETF (NASDAQ:SOXX) reached a new 52-week high during trading on Wednesday . The stock traded as high as $360.55 and last traded at $361.4360, with a volume of 210296 shares changing hands. The stock had previously closed at $351.08.

iShares Semiconductor ETF Stock Performance

The stock has a market cap of $21.22 billion, a P/E ratio of 31.84 and a beta of 1.51. The firm’s 50 day moving average is $311.60 and its 200 day moving average is $282.11.

iShares Semiconductor ETF Cuts Dividend

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

Hedge Funds Weigh In On iShares Semiconductor ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in shares of iShares Semiconductor ETF by 7.2% in the second quarter. Bank of America Corp DE now owns 2,357,919 shares of the exchange traded fund’s stock worth $562,835,000 after buying an additional 159,203 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in iShares Semiconductor ETF by 12.7% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 361,353 shares of the exchange traded fund’s stock valued at $94,170,000 after purchasing an additional 40,707 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of iShares Semiconductor ETF by 27,470.8% in the third quarter. Foundations Investment Advisors LLC now owns 330,850 shares of the exchange traded fund’s stock valued at $89,700,000 after purchasing an additional 329,650 shares during the period. LMR Partners LLP increased its holdings in shares of iShares Semiconductor ETF by 17.9% in the second quarter. LMR Partners LLP now owns 330,000 shares of the exchange traded fund’s stock valued at $78,771,000 after purchasing an additional 50,000 shares during the period. Finally, Barclays PLC raised its stake in shares of iShares Semiconductor ETF by 80.7% in the third quarter. Barclays PLC now owns 326,144 shares of the exchange traded fund’s stock worth $88,424,000 after purchasing an additional 145,698 shares during the last quarter.

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). 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.