iShares Semiconductor ETF (NASDAQ:SOXX) Sets New 12-Month High – Here’s Why

iShares Semiconductor ETF (NASDAQ:SOXX)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $534.79 and last traded at $532.49, with a volume of 497554 shares trading hands. The stock had previously closed at $524.71.

iShares Semiconductor ETF Stock Performance

The firm’s 50-day simple moving average is $410.07 and its 200 day simple moving average is $352.89. The company has a market cap of $34.84 billion, a P/E ratio of 31.84 and a beta of 1.75.

iShares Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a $0.2079 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 0.2%.

Institutional Trading of iShares Semiconductor ETF

A number of large investors have recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of iShares Semiconductor ETF by 20.9% in the 1st 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 buying an additional 538,125 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of iShares Semiconductor ETF by 47.9% in the 4th 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 in the last quarter. Morgan Stanley increased its position in shares of iShares Semiconductor ETF by 30.0% in the 4th quarter. Morgan Stanley now owns 2,368,608 shares of the exchange traded fund’s stock valued at $713,307,000 after buying an additional 547,109 shares in the last quarter. LPL Financial LLC increased its position in shares of iShares Semiconductor ETF by 1.7% in the 4th quarter. LPL Financial LLC now owns 1,041,783 shares of the exchange traded fund’s stock valued at $313,733,000 after buying an additional 17,038 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of 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 buying an additional 121,561 shares in 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.