iShares Semiconductor ETF (NASDAQ:SOXX) Reaches New 52-Week Low – Should You Sell?

Shares of iShares Semiconductor ETF (NASDAQ:SOXX) reached a new 52-week low during trading on Thursday . The company traded as low as $177.39 and last traded at $176.03, with a volume of 1879265 shares trading hands. The stock had previously closed at $189.48.

iShares Semiconductor ETF Stock Down 9.0 %

The business’s 50 day simple moving average is $209.90 and its 200-day simple moving average is $218.76. The stock has a market capitalization of $9.89 billion, a price-to-earnings ratio of 28.79 and a beta of 1.34.

iShares Semiconductor ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th were issued a $0.2611 dividend. The ex-dividend date was Tuesday, March 18th.

Hedge Funds Weigh In On iShares Semiconductor ETF

A number of institutional investors have recently modified their holdings of SOXX. Compass Financial Services Inc bought a new position in iShares Semiconductor ETF in the fourth quarter valued at about $25,000. Hopwood Financial Services Inc. acquired a new stake in shares of iShares Semiconductor ETF in the 4th quarter valued at approximately $30,000. Transce3nd LLC bought a new stake in shares of iShares Semiconductor ETF during the fourth quarter worth $38,000. Morse Asset Management Inc bought a new stake in iShares Semiconductor ETF during the 3rd quarter worth $42,000. Finally, AlphaMark Advisors LLC acquired a new position in iShares Semiconductor ETF in the 4th quarter worth about $42,000.

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).