iShares Semiconductor ETF (NASDAQ:SOXX) Hits New 12-Month High – Here’s What Happened

iShares Semiconductor ETF (NASDAQ:SOXX) shares reached a new 52-week high during trading on Friday . The stock traded as high as $312.83 and last traded at $310.4920, with a volume of 1740970 shares traded. The stock had previously closed at $306.28.

iShares Semiconductor ETF Stock Up 1.2%

The company has a 50 day simple moving average of $290.07 and a two-hundred day simple moving average of $256.67. The company has a market capitalization of $16.57 billion, a P/E ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were issued a dividend of $0.5407 per share. This represents a $2.16 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, September 16th. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.48.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. 17 Capital Partners LLC grew its position in iShares Semiconductor ETF by 21.1% in the 2nd quarter. 17 Capital Partners LLC now owns 1,863 shares of the exchange traded fund’s stock valued at $445,000 after acquiring an additional 324 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in shares of iShares Semiconductor ETF by 1.1% in the second quarter. Apollon Wealth Management LLC now owns 10,944 shares of the exchange traded fund’s stock worth $2,612,000 after purchasing an additional 120 shares during the last quarter. Grandview Asset Management LLC purchased a new position in iShares Semiconductor ETF in the 2nd quarter worth about $1,070,000. RoundAngle Advisors LLC increased its stake in iShares Semiconductor ETF by 3.4% in the 2nd quarter. RoundAngle Advisors LLC now owns 4,329 shares of the exchange traded fund’s stock worth $1,033,000 after buying an additional 144 shares during the period. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of iShares Semiconductor ETF during the second quarter valued at approximately $107,000.

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).