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

iShares Semiconductor ETF (NASDAQ:SOXX)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $368.82 and last traded at $367.62, with a volume of 1275165 shares. The stock had previously closed at $362.04.

iShares Semiconductor ETF Price Performance

The company has a 50-day simple moving average of $333.74 and a 200-day simple moving average of $297.50. The firm has a market cap of $22.20 billion, a PE ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Cuts Dividend

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

Institutional Trading of iShares Semiconductor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its position in iShares Semiconductor ETF by 47.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,904,638 shares of the exchange traded fund’s stock valued at $874,732,000 after buying an additional 941,363 shares during the last quarter. Morgan Stanley increased its position in shares of iShares Semiconductor ETF by 30.0% during the fourth quarter. Morgan Stanley now owns 2,368,608 shares of the exchange traded fund’s stock worth $713,307,000 after purchasing an additional 547,109 shares in the last quarter. Bank of America Corp DE grew its position 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 valued at $562,835,000 after purchasing an additional 159,203 shares in the last quarter. LPL Financial LLC increased its position in iShares Semiconductor ETF by 1.7% during the fourth quarter. LPL Financial LLC now owns 1,041,783 shares of the exchange traded fund’s stock worth $313,733,000 after purchasing an additional 17,038 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in iShares Semiconductor ETF by 14.4% in the 4th quarter. Wells Fargo & Company MN now owns 963,663 shares of the exchange traded fund’s stock valued at $290,207,000 after purchasing an additional 121,561 shares during the last quarter.

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.