iShares Semiconductor ETF (NASDAQ:SOXX) Sets New 52-Week High – Time to Buy?

iShares Semiconductor ETF (NASDAQ:SOXX) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $464.83 and last traded at $460.83, with a volume of 1866219 shares changing hands. The stock had previously closed at $461.44.

iShares Semiconductor ETF Trading Up 0.9%

The company has a market capitalization of $30.68 billion, a price-to-earnings ratio of 31.84 and a beta of 1.53. The firm’s 50 day simple moving average is $367.36 and its 200-day simple moving average is $332.42.

iShares Semiconductor ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.2079 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 0.2%.

Hedge Funds Weigh In On iShares Semiconductor ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of iShares Semiconductor ETF during the 3rd quarter worth $25,000. BOKF NA acquired a new position in shares of iShares Semiconductor ETF during the 4th quarter worth $30,000. Commonwealth Retirement Investments LLC acquired a new position in shares of iShares Semiconductor ETF during the 4th quarter worth $32,000. Wealth Watch Advisors INC grew its stake in shares of iShares Semiconductor ETF by 278.6% during the 4th 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. Finally, Financial Consulate Inc. acquired a new position in shares of iShares Semiconductor ETF during the 3rd quarter worth $34,000.

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.