iShares Semiconductor ETF (NASDAQ:SOXX) Sets New 12-Month High After Dividend Announcement

iShares Semiconductor ETF (NASDAQ:SOXX)’s share price reached a new 52-week high during trading on Monday after the company announced a dividend. The company traded as high as $622.00 and last traded at $622.00, with a volume of 304567 shares trading hands. The stock had previously closed at $596.25.

The newly announced dividend which will be paid on Thursday, June 18th. Investors of record on Monday, June 15th will be given a dividend of $0.2827 per share. The ex-dividend date is Monday, June 15th. This represents a $1.13 dividend on an annualized basis and a yield of 0.2%. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.21.

iShares Semiconductor ETF Trading Down 5.9%

The stock’s 50-day moving average is $496.13 and its 200-day moving average is $388.88. The firm has a market capitalization of $38.31 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80.

Hedge Funds Weigh In On iShares Semiconductor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BOKF NA acquired a new position in shares of iShares Semiconductor ETF during the fourth quarter worth $30,000. Commonwealth Retirement Investments LLC acquired a new position in shares of iShares Semiconductor ETF during the fourth quarter worth $32,000. Wealth Watch Advisors INC lifted its holdings in shares of iShares Semiconductor ETF by 278.6% during the fourth quarter. Wealth Watch Advisors INC now owns 106 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 78 shares during the period. Strategic Advocates LLC acquired a new position in shares of iShares Semiconductor ETF during the third quarter worth $35,000. Finally, Gould Capital LLC lifted its holdings in shares of iShares Semiconductor ETF by 39.2% during the first quarter. Gould Capital LLC now owns 110 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 31 shares during the period.

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.