iShares Semiconductor ETF (NASDAQ:SOXX) Reaches New 1-Year High – Time to Buy?

iShares Semiconductor ETF (NASDAQ:SOXX) shares reached a new 52-week high on Monday . The company traded as high as $653.69 and last traded at $653.69, with a volume of 241912 shares traded. The stock had previously closed at $639.45.

iShares Semiconductor ETF Stock Up 2.2%

The stock’s 50 day moving average price is $512.46 and its 200-day moving average price is $395.88. The stock has a market capitalization of $42.35 billion, a PE ratio of 31.84 and a beta of 1.80.

iShares Semiconductor ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $0.2827 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.13 annualized dividend and a yield of 0.2%. This is an increase from iShares Semiconductor ETF’s previous quarterly dividend of $0.21.

Institutional Investors Weigh In On iShares Semiconductor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. IAG Wealth Partners LLC boosted its holdings in shares of iShares Semiconductor ETF by 5.7% during the first quarter. IAG Wealth Partners LLC now owns 462 shares of the exchange traded fund’s stock worth $152,000 after purchasing an additional 25 shares during the last quarter. Laurel Oak Wealth Management LLC lifted its position in iShares Semiconductor ETF by 0.3% during the first quarter. Laurel Oak Wealth Management LLC now owns 10,226 shares of the exchange traded fund’s stock worth $3,361,000 after buying an additional 26 shares during the period. Lodestar Private Asset Management LLC lifted its position in iShares Semiconductor ETF by 1.3% during the first quarter. Lodestar Private Asset Management LLC now owns 2,006 shares of the exchange traded fund’s stock worth $659,000 after buying an additional 26 shares during the period. Citizens Financial Group Inc. RI boosted its stake in iShares Semiconductor ETF by 2.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 1,615 shares of the exchange traded fund’s stock worth $486,000 after buying an additional 31 shares during the last quarter. Finally, Gould Capital LLC boosted its stake in iShares Semiconductor ETF by 39.2% in the 1st quarter. Gould Capital LLC now owns 110 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 31 shares during the last quarter.

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.