iShares Semiconductor ETF (NASDAQ:SOXX) Hits New 52-Week High – Should You Buy?

Shares of iShares Semiconductor ETF (NASDAQ:SOXX) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $369.91 and last traded at $367.82, with a volume of 2610307 shares changing hands. The stock had previously closed at $347.76.

iShares Semiconductor ETF Trading Up 2.2%

The company has a 50 day simple moving average of $344.65 and a 200 day simple moving average of $316.90. The stock has a market capitalization of $23.83 billion, a PE ratio of 31.84 and a beta of 1.53.

iShares Semiconductor ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares Semiconductor ETF

Several institutional investors have recently made changes to their positions in SOXX. Goldman Sachs Group Inc. lifted its stake in shares of 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 purchasing an additional 941,363 shares during the period. Oasis Management Co Ltd. grew its position in iShares Semiconductor ETF by 100.4% during the fourth quarter. Oasis Management Co Ltd. now owns 3,100 shares of the exchange traded fund’s stock worth $934,000 after buying an additional 804,400 shares during the period. Morgan Stanley grew its position in 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 buying an additional 547,109 shares during the period. Bank of Nova Scotia increased its holdings in iShares Semiconductor ETF by 5,159.3% in the fourth quarter. Bank of Nova Scotia now owns 451,617 shares of the exchange traded fund’s stock valued at $136,005,000 after buying an additional 443,030 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in shares of iShares Semiconductor ETF by 27,470.8% during the 3rd quarter. Foundations Investment Advisors LLC now owns 330,850 shares of the exchange traded fund’s stock valued at $89,700,000 after acquiring an additional 329,650 shares during the period.

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.