iShares Semiconductor ETF (NASDAQ:SOXX) Reaches New 52-Week Low – What’s Next?

Shares of iShares Semiconductor ETF (NASDAQ:SOXX) reached a new 52-week low on Monday . The company traded as low as $191.56 and last traded at $195.30, with a volume of 3232009 shares. The stock had previously closed at $203.85.

iShares Semiconductor ETF Trading Down 4.6 %

The stock’s 50 day moving average is $219.36 and its 200 day moving average is $221.78. The firm has a market cap of $12.03 billion, a price-to-earnings ratio of 30.63 and a beta of 1.34.

iShares Semiconductor ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.3578 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Investors Weigh In On iShares Semiconductor ETF

Several institutional investors and hedge funds have recently made changes to their positions in SOXX. Clal Insurance Enterprises Holdings Ltd bought a new position in iShares Semiconductor ETF in the fourth quarter worth approximately $289,403,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in iShares Semiconductor ETF by 47.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,960,000 shares of the exchange traded fund’s stock valued at $682,546,000 after buying an additional 950,000 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in shares of iShares Semiconductor ETF in the fourth quarter worth about $95,496,000. Raymond James Financial Inc. purchased a new position in iShares Semiconductor ETF during the fourth quarter worth about $69,622,000. Finally, Strategic Financial Concepts LLC increased its holdings in shares of iShares Semiconductor ETF by 22,093.6% in the 4th quarter. Strategic Financial Concepts LLC now owns 254,782 shares of the exchange traded fund’s stock worth $54,903,000 after buying an additional 253,634 shares during the last quarter.

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).