iShares Semiconductor ETF (NASDAQ:SOXX) Sets New 1-Year High – Should You Buy?

iShares Semiconductor ETF (NASDAQ:SOXX) hit a new 52-week high during trading on Tuesday . The stock traded as high as $393.57 and last traded at $393.34, with a volume of 4357828 shares traded. The stock had previously closed at $386.60.

iShares Semiconductor ETF Price Performance

The company has a market cap of $24.62 billion, a PE ratio of 31.84 and a beta of 1.53. The company has a fifty day moving average price of $346.27 and a 200 day moving average price of $319.27.

iShares Semiconductor ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Citizens Financial Group Inc. RI boosted its stake in iShares Semiconductor ETF by 2.0% in the fourth 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 in the last quarter. Rehmann Capital Advisory Group boosted its stake in iShares Semiconductor ETF by 2.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,312 shares of the exchange traded fund’s stock worth $395,000 after buying an additional 34 shares in the last quarter. Stratos Wealth Advisors LLC boosted its stake in iShares Semiconductor ETF by 1.7% in the third quarter. Stratos Wealth Advisors LLC now owns 2,135 shares of the exchange traded fund’s stock worth $579,000 after buying an additional 36 shares in the last quarter. Rinkey Investments boosted its stake in iShares Semiconductor ETF by 2.3% in the fourth quarter. Rinkey Investments now owns 1,571 shares of the exchange traded fund’s stock worth $473,000 after buying an additional 36 shares in the last quarter. Finally, First Heartland Consultants Inc. boosted its stake in iShares Semiconductor ETF by 1.1% in the fourth quarter. First Heartland Consultants Inc. now owns 3,295 shares of the exchange traded fund’s stock worth $992,000 after buying an additional 37 shares in 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.