iShares Semiconductor ETF (NASDAQ:SOXX) Sets New 52-Week Low – Here’s Why

Shares of iShares Semiconductor ETF (NASDAQ:SOXX) hit a new 52-week low on Friday . The company traded as low as $187.44 and last traded at $188.61, with a volume of 2029153 shares trading hands. The stock had previously closed at $194.56.

iShares Semiconductor ETF Stock Performance

The firm’s 50 day simple moving average is $212.54 and its 200-day simple moving average is $219.43. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 28.79 and a beta of 1.34.

iShares Semiconductor ETF Cuts Dividend

The firm also recently disclosed 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.

Institutional Investors Weigh In On iShares Semiconductor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Compass Financial Services Inc acquired a new stake in shares of iShares Semiconductor ETF in the 4th quarter worth $25,000. Hopwood Financial Services Inc. purchased a new position in iShares Semiconductor ETF in the fourth quarter worth approximately $30,000. Transce3nd LLC purchased a new stake in iShares Semiconductor ETF in the fourth quarter valued at $38,000. Morse Asset Management Inc purchased a new stake in iShares Semiconductor ETF in the 3rd quarter valued at about $42,000. Finally, AlphaMark Advisors LLC acquired a new position in iShares Semiconductor ETF in the fourth quarter valued at 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).