iShares Semiconductor ETF (NASDAQ:SOXX) Stock Cross Below 200 Day Moving Average – Time to Sell?

iShares Semiconductor ETF (NASDAQ:SOXX)’s share price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $474.88 and traded as low as $460.10. iShares Semiconductor ETF shares last traded at $471.51, with a volume of 18,759,081 shares changing hands.

iShares Semiconductor ETF Stock Down 8.2%

The firm has a 50-day simple moving average of $529.13 and a 200-day simple moving average of $474.88. The stock has a market cap of $44.42 billion, a PE ratio of 31.84 and a beta of 1.80.

Shares of iShares Semiconductor ETF are scheduled to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.3250 per share. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. This represents a $1.30 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Tuesday, September 15th.

Hedge Funds Weigh In On iShares Semiconductor ETF

A number of large investors have recently modified their holdings of SOXX. Basso Capital Management L.P. boosted its position in iShares Semiconductor ETF by 8.6% during the third quarter. Basso Capital Management L.P. now owns 1,229 shares of the exchange traded fund’s stock valued at $699,000 after buying an additional 97 shares during the period. Sentry LLC lifted its stake in iShares Semiconductor ETF by 19.9% in the third quarter. Sentry LLC now owns 555 shares of the exchange traded fund’s stock worth $316,000 after acquiring an additional 92 shares during the period. Lyell Wealth Management LP lifted its position in shares of iShares Semiconductor ETF by 7.1% in the 3rd quarter. Lyell Wealth Management LP now owns 3,404 shares of the exchange traded fund’s stock worth $1,936,000 after purchasing an additional 226 shares during the period. Summa Corp. boosted its position in iShares Semiconductor ETF by 25.4% during the 3rd quarter. Summa Corp. now owns 1,404 shares of the exchange traded fund’s stock valued at $798,000 after acquiring an additional 284 shares in the last quarter. Finally, IPG Investment Advisors LLC boosted its position in shares of iShares Semiconductor ETF by 121.2% during the third quarter. IPG Investment Advisors LLC now owns 3,145 shares of the exchange traded fund’s stock valued at $1,788,000 after purchasing an additional 1,723 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.