iShares Semiconductor ETF (NASDAQ:SOXX) Hits New 1-Year High – Still a Buy?

Shares of iShares Semiconductor ETF (NASDAQ:SOXX) hit a new 52-week high on Thursday . The stock traded as high as $506.94 and last traded at $506.87, with a volume of 9648868 shares changing hands. The stock had previously closed at $482.73.

iShares Semiconductor ETF Trading Up 5.0%

The company has a market capitalization of $32.85 billion, a PE ratio of 31.84 and a beta of 1.75. The firm has a fifty day moving average of $372.82 and a two-hundred day moving average of $336.04.

iShares Semiconductor ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares Semiconductor ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its stake 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 purchasing an additional 941,363 shares during the period. Oasis Management Co Ltd. lifted its stake in shares of iShares Semiconductor ETF by 100.4% in the 4th quarter. Oasis Management Co Ltd. now owns 3,100 shares of the exchange traded fund’s stock valued at $934,000 after purchasing an additional 804,400 shares during the period. Morgan Stanley lifted its stake 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 purchasing an additional 547,109 shares during the period. Bank of Nova Scotia lifted its stake in shares of iShares Semiconductor ETF by 5,159.3% in the 4th quarter. Bank of Nova Scotia now owns 451,617 shares of the exchange traded fund’s stock valued at $136,005,000 after purchasing an additional 443,030 shares during the period. Finally, Foundations Investment Advisors LLC lifted its stake in shares of iShares Semiconductor ETF by 27,470.8% in 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 purchasing 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.