iShares Semiconductor ETF (NASDAQ:SOXX) Shares Cross Below 200-Day Moving Average – What’s Next?

iShares Semiconductor ETF (NASDAQ:SOXX) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $474.88 and traded as low as $460.10. iShares Semiconductor ETF shares last traded at $471.51, with a volume of 18,759,081 shares.

iShares Semiconductor ETF Stock Performance

The firm has a market capitalization of $44.84 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. The company has a 50-day moving average price of $529.13 and a 200-day moving average price of $474.88.

Shares of iShares Semiconductor ETF are set to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were paid a $0.3250 dividend. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. This represents a $1.30 annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, September 15th.

Institutional Trading of iShares Semiconductor ETF

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in iShares Semiconductor ETF by 20.9% during the first quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock valued at $1,023,867,000 after acquiring an additional 538,125 shares during the period. Bank of Nova Scotia increased its stake in shares of iShares Semiconductor ETF by 88.5% in the first quarter. Bank of Nova Scotia now owns 851,229 shares of the exchange traded fund’s stock valued at $279,766,000 after buying an additional 399,612 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of iShares Semiconductor ETF by 28.3% in the 1st quarter. Royal Bank of Canada now owns 433,384 shares of the exchange traded fund’s stock valued at $142,437,000 after purchasing an additional 95,669 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of iShares Semiconductor ETF in the 3rd quarter valued at about $216,839,000. Finally, Noked Israel Ltd acquired a new position in shares of iShares Semiconductor ETF in the 1st quarter valued at $114,725,000.

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.