iShares Semiconductor ETF (NASDAQ:SOXX) Hits New 52-Week High – Here’s What Happened

Shares of iShares Semiconductor ETF (NASDAQ:SOXX) reached a new 52-week high during trading on Wednesday . The stock traded as high as $368.82 and last traded at $367.62, with a volume of 1275165 shares changing hands. The stock had previously closed at $362.04.

iShares Semiconductor ETF Price Performance

The stock has a market capitalization of $22.20 billion, a PE ratio of 31.84 and a beta of 1.51. The stock’s 50 day moving average is $333.74 and its two-hundred day moving average is $297.50.

iShares Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a dividend of $0.4363 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.75 annualized dividend and a dividend yield of 0.5%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SOXX. Barnes Dennig Private Wealth Management LLC acquired a new position in iShares Semiconductor ETF in the third quarter valued at $25,000. BOKF NA acquired a new stake in shares of iShares Semiconductor ETF in the fourth quarter worth approximately $30,000. Johnson Financial Group Inc. acquired a new position in iShares Semiconductor ETF during the second quarter worth approximately $32,000. Commonwealth Retirement Investments LLC purchased a new position in iShares Semiconductor ETF during the fourth quarter worth approximately $32,000. Finally, Wealth Watch Advisors INC boosted its holdings in shares of iShares Semiconductor ETF by 278.6% in the 4th quarter. Wealth Watch Advisors INC now owns 106 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 78 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.